Today is the last day to invest in Sovereign Gold Bond, opportunity to buy gold cheaper than the market rate.

New Delhi, 22 December (Hindustan Reporter). Today is the last day to invest in Sovereign Gold Bond in the year 2023. This scheme of Sovereign Gold Bond was started on 18 December. Under this, the price of one gram of gold has been fixed at Rs 6,199, whereas the price of 24 carat spot gold in the bullion market currently remains around Rs 6,300 per gram. Therefore, this is the last chance of this year to buy gold at a rate lower than the market rate.

Under the Sovereign Gold Bond Scheme, investment in Sovereign Gold Bond can be made through banks as well as Clearing Corporation of India Limited (CCIL) and Stock Holding Corporation of India Limited (SHCIL). Along with this, facility to invest in Sovereign Gold Bond has also been provided through BSE and NSE.

The Government of India guarantees the security of the money invested under this scheme of the Central Government. It is operated by the Reserve Bank of India (RBI). Under this scheme, at least one gram of gold can be purchased, while individual investors are allowed to buy a maximum of 4 kilograms of gold. Under this scheme, Hindu Undivided Families (HUF) and Trusts can invest a maximum of 20 kg of gold.

Under the Sovereign Gold Bond Scheme, the maturity period has been fixed at 8 years. However, investors can withdraw their money even after completion of 5 years. Apart from this, it can also be bought and sold through stock exchange. Under this scheme, investors are also given 2.50 percent interest, which goes directly into their account. This scheme was started in 2015 and in the same year the first scheme of Sovereign Gold Bond has matured, in which investors have got a profit of more than two and a half times.

Hindusthan News/Yogita/Suneet

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