Government Sovereign Gold Bond Scheme 2021-22 Delivery Price Rs 4,807 per gram It will open for purchase from July 12th. The Reserve Bank of India (RBI) said in a statement on Friday. The fourth series of the Government Gold Bond (SGB) Scheme 2021-21 will be open for purchase from July 12 to July 16, 2021. The Reserve Bank, in consultation with the Government of India, has invested Rs 50 per gram for investors who apply online and pay digitally.
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According to the RBI, such investors will get Rs 4,757 per gram of gold. The issuance price of the third series of gold bonds is Rs. 4,889 per gram. It was open for purchase from May 31 to June 4, 2021. Previously, the government had announced that it would issue gold bonds in six installments from May 2021 to September 2021. RBI will issue bond on behalf of the Government of India.
Characteristics of a sovereign bond
- Bonds are subject to liquidity on stock exchanges within fifteen days of issuance.
- The key issue is that investors get the benefit of raising the price of gold. Additionally, they also receive a fixed interest rate of 2.5 percent on the amount invested.
- These bonds have a maturity of 8 years and can be issued prematurely after the 5th year.
- Long-term capital gains tax is levied on it after three years (capital gains tax is not taxed on hold until maturity) but can be used for debt
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How far can gold prices go?
Despite the corona crisis, gold remains an investor-preferred medium and will continue to be bullish in the long term, says Anuj Gupta, vice president (commodity and currency) of IIFL. By Diwali this year, gold could again reach Rs 55,000, he says.
Where to buy
Investor’s PAN is mandatory with every SGB application. Gold bonds are sold by banks, stock holding corporations of India (SHCIL), designated post offices and accredited stock exchanges (NSE and BSE).
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