Opportunity to invest in gold will be available from next week, first phase of gold bond 2022-23 will open for subscription

There will be a chance to invest in gold from next week

Next week from June 20, the first tranche of gold bonds will be open for 5 days. After this, the next ie the second phase will open for subscription between August 22 and 26. In the last financial year, the opportunity to invest in bonds was given in 10 tranches.

If you are planning to invest in gold and want to have some extra income as well. So you are going to get one such opportunity next week. Actually for the year 2022-23 sovereign gold bond ,Sovereign Gold BondThe first phase of ) will open next week from June 20. reserve Bank (RBI) has given this information today. This subscription will be open for 5 days. After this the next phase will be opened for subscription from 22 to 26 August. That is, after June, the next opportunity to invest in gold bonds will come in August. Gold bonds are considered a very good option for safe investment, in which investors get the benefit of the rise in gold prices. In addition, interest is also available on the amount invested.

What is the specialty of Gold Bond

Gold bonds can be invested with a small amount. At least one gram of gold is invested in the bond, which is currently around five thousand rupees. Along with this, investors applying through digital mode also get a discount of Rs 50 on every bond. Before the subscription phase, the Reserve Bank announces the subscription rate, which is based on the average gold price during the week preceding the subscription. At the same time, investors get an interest of 2.5 percent on the amount of the bond. Along with this, the investor also gets the benefit of the increase in gold prices. The bond is offered for 8 years. However, there is an option to withdraw the investment after 5 years. In the year 2021-22, a total of 27 tonnes of gold equivalent bonds were issued in 10 tranches. Whose total value was about 13 thousand crores.

read this also



what are the conditions

The central bank issues bonds on behalf of the Government of India. These can be sold only to citizens of the country, Hindu Undivided Families (HUFs), trusts and charitable institutions. The maximum limit of subscription is 4 kg for common citizens, 4 kg for HUF and 20 kg for trust and similar entities.

Source link

Leave your vote

Related Articles

Back to top button

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.