The price of gold is skyrocketing in today's debt, for those who are not able to buy gold, they are going to show an option to invest in gold, which can prove to be extremely profitable for you. You can make very good profits by investing in this government scheme.
Sovereign Gold Bond is very profitable

Sovereign Gold Bond - Through which you can buy paper gold. The government issues these. The government opens a short window to buy them, often two to three months in duration. According to this plan you will be able to buy much cheaper gold.
In this way, there will be income tax exemption - Gold bond has a maturity of eight years and it gets 2.5% interest every year. The interest received on the bond is taxable as per the tax slab of the investor.

No Making Charge or GST - In this plan you will not have to pay the making charge or GST, if you buy physical gold, then you have to pay more money. In addition to making charges, you may also have to pay GST. But you do not have to pay any GST on investment in Sovereign Gold Bonds, nor any making charge. So under this scheme you get gold cheaper than the market price.

Another thing about Sovereign Gold Bonds attracts investors and is that Sovereign Gold Bonds can also be transferred in demat form. To buy the bond, the investors have to pay the issue price to the authorized broker of SEBI. At the time of cashing it, the money gets deposited in the investor's account.

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