RBI announces new tranche of Sovereign Gold Bond Scheme 2022-23
By Lokmat English Desk | Published: December 19, 2022 05:29 PM2022-12-19T17:29:25+5:302022-12-19T17:29:25+5:30
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Currently, the price of gold has started moving towards reaching the high level again. Gold prices are rising rapidly and have crossed the 54 thousand mark. In such a situation, the government is giving an opportunity to buy gold at a rate lower than the market price.
If you want to invest in gold, from today, Monday, December 19, a new series of Sovereign Gold Bond (SGB) 2022-23 has been launched. Under this scheme you can invest by buying gold at a lower rate than the market rate.
The Sovereign Gold Bond Scheme will be open for five days i.e. from 19th to 23rd December. The Reserve Bank of India (RBI) issues sovereign gold bonds on behalf of the government.
The Reserve Bank has fixed the issue price of gold bonds at Rs 5,409 per gram. But it can also be bought at Rs 5,359 per gram. You have to apply online for this.
RBI has decided to give a discount of Rs 50 per gram to investors who apply online. Investors also have to make online payment. Payment for purchase of Sovereign Gold Bonds can be made through cash, demand draft or net banking.
The finance ministry said that applications for investment in gold bonds will be accepted from December 19 to 23. Bonds will be issued to eligible applicants on December 27. The issue price of gold bonds is based on gold of 999 purity.
A maximum of 4 kg gold can be purchased under this scheme in any one financial year. Banks (except Small Finance Banks and Payments Banks), Stock Holding Corporation of India Limited, Designated Post Offices and Recognized Exchanges Limited.
