New Delhi: If you want to invest in gold at a cheap rate, then there is a golden opportunity for you because the Modi government's sovereign gold scheme has started again. The scheme started from Monday i.e. July 6 and it can be applied till July 10. In view of the Corona crisis in the world, gold is being considered as the safest tool for investment these days.
Explain that this is the fourth instalment of the government's sovereign gold bond (2020-21). The Reserve Bank of India (RBO) announced in April that the government would start the scheme in six instalments from April 2020 to September. That is, every month till September you will get an opportunity to invest in gold in the form of digital bonds. Under the Sovereign Gold Scheme, the price of gold has been fixed at Rs 4,852 per gram. It is much cheaper than the market price. Currently, the gold prices in the market are running between 48283 to 49,000 rupees.
Under this, those investors will get a concession of 50 rupees per gram, who will apply online and make payment through digital. That is, the bond value for such investors will be Rs 4,802 per gram. So you can invest in 10 grams of gold for about 48,000 rupees. After the investment application, the bond will be issued to you on 14 July. Under this, an annual interest of 2.5 percent will also be given.
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