If you are also thinking of buying gold, we have brought some useful news for you. You have the opportunity to buy gold at a lower price than the market and that too you can buy gold directly from the government. This month the third installment of Sovereign Gold Bond will be released and in this, you will have the opportunity to invest in gold at cheap prices for five days.
The third installment of the Sovereign Gold Bond (SGB Scheme) will be released by the government on December 18 for the financial year 2023-24. In this, gold can be purchased till 22nd December i.e. for five days. Earlier this year, the first installment was released from June 19 to June 23, while the second installment was open from September 11 to September 15. Under this, the government allows buying gold from the market at a very low price.
Apart from this, the fourth installment of this financial year will open in February 2024 and the date for this has been fixed from 12th to 16th February. However, the government has not yet decided the price for the third installment.
Earlier, during the installment released in September, gold was sold at the rate of Rs 5,923 per gram. Under this scheme, the government sells a type of paper gold or digital gold. A certificate is available in it, in which it is written how much quantity of gold you are buying at which rate. The chances of getting returns on buying digital gold are higher.
Actually, under the SGB scheme, investment is made in gold bonds, which are issued by the Reserve Bank of India (RBI). If we look at the benefits, Sovereign Gold Bond gives an interest of 2.5 percent per annum and it is a guaranteed return. Along with this, an additional discount is also given on the price decided by the government on purchasing gold under this scheme.
The Reserve Bank of India (RBI) launched the Sovereign Gold Scheme in November 2015, the maturity of the first installment of which has been completed. Under this scheme, returns of 12.9 percent per annum have been received in eight years.
(PC: Pixabay)
