Applying online will fetch you a discount of Rs.50, which means you can buy one gram of gold for Rs 4,757.
Sovereign Gold Bond Scheme 2021-22 is opening for subscription from Monday 12th July. Its price has been fixed at Rs 4,807 per gram. Sovereign Gold Bond Scheme Series IV will start from today, 12th July and will run till 16th July.
Applying online will fetch you a discount of Rs.50, which means you can buy one gram of gold for Rs 4,757. A person can buy a maximum of 400 grams of gold bonds in a financial year. At the same time, it is necessary to make a minimum investment of one gram.
A PAN card is mandatory to buy Sovereign Gold Bond, you must have a PAN card. Investors can also buy these bonds online. Apart from this, you can buy it from banks, Stock Holding Corporation of India Limited (SHCIL), select post offices and stock exchanges like NSE and BSE.
Sovereign gold bonds have a maturity period of eight years, with the rate of interest being 2.5 percent per annum. The interest earned on the bond is taxable as per the tax slab of the investor, but there is no tax deducted at source (TDS) on it.
The average rate of Sovereign Gold Bond has been fixed by IBJA i.e. Indian Bullion and Jewelers Association on the basis of the closing price of 7th, 8th and 9th July. This rate has been issued on the basis of gold of 999 purity. The central government will issue gold bonds in 6 instalments under the Sovereign Gold Bond Scheme 2021-22 between May 2021 and September 2021. Its first phase was open for subscription on 17 May.
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