New Delhi: Amidst ever rising gold prices, the Modi government has given an opportunity to buy gold at cheap prices. Investors can buy gold at a much cheaper price than the market price under the Sovereign Gold Bond scheme and tomorrow is the last day of December 6. The benefits arising from its sale will be exempt under the Income Tax rules.
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The investment period under the scheme started from December 2 and tomorrow is December 6, its last day. Five days time has been given by Modi government to invest in the scheme. In the past, the price of gold had reached its highest level, but under Sovereign Gold Bond you can buy gold at cheap prices. Under this scheme, you can buy gold for Rs 3,795 per gram. That is, if you buy 10 grams of gold, then it costs Rs 37,950, but if the gold bond is purchased online, then the government gives an additional concession of Rs 50 per gram to such investors.
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That is, on buying gold online, you will have to get Rs 3,745 per gram of gold. In this case, you can buy 10 grams of gold for Rs 37,550. While the price of gold in the bullion market is around Rs 39000 per ten grams. You can also buy gold bonds through banks, post offices, NSE and BSE Stock Holding Corporation of India Limited apart.
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