New Delhi: The Modi government is once again giving you a chance to buy cheaper gold before the festive season begins. From today, gold will be purchased under the government's Sovereign Gold Bond scheme. Under the seventh series of the Sovereign Gold Bond Scheme 2020-21, you can buy gold under the scheme from October 12 to October 16. Under the Sovereign Gold Bond scheme, you will not get gold physically.
The Reserve Bank of India (RBI) has fixed the sovereign gold bond price at Rs 5,051 per gram. The Sovereign Gold Bond Scheme series 2020-21 will continue from October 7 to October 16. Rbi said in a statement, "The value of the bond is based on the average closing price of 999 purity gold in the last three trading days of last week from the subscription period... Rs 5,051 per gram has been fixed," he said.
RBI has decided to apply online in consultation with RBI and give rs 50 per gram concession to digitally paid investors. "Gold bond prices for such investors will be Rs 5,001 per gram," rbi said, adding that the eighth series of the Sovereign Gold Bond Scheme (SGB) series of 2020-21 will start from November 9, which will continue till November 13. RBI is issuing sovereign gold bonds 2020-21 on behalf of the Government of India.
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