The government has blazoned the opening dates for the subscription of Sovereign Gold Bonds 2021-22 (Series VIII). The series will be open for a five- day subscription buy cheap gold from November 29 to December 3. The issue price of the bond has been fixed at Rs per gram during the subscription period. This price is according to the announcement issued by RBI. The government, in discussion with the RBI, has allowed investors who apply online and pay digitally to get a reduction of Rs 50 per gram on the issue price. For similar investors, the issue price of the gold bond would be Rs per gram of gold.

Gold Buy Investment period Time Date | buy cheap gold |

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The term of the gold bond will be eight times. This will give an exit option after the fifth time, which can be exercised on the coming date of interest payment. Investors will get a periodic interest rate of2.50 percent, which will be paid doubly a time.In addition, Hindu Concentrated Families or HUFs can invest 4 kg and trusts and analogous associations can invest 20 kg in each fiscal time from April to March. Video Watch Now

The KYC morals will be the same as for the physical target. Investors can buy Universal Gold Bonds from banks (except small finance banks and payments banks), Stock Holding Corporation of India Limited (SHCIL), select post services, and stock exchanges-National Stock Exchange of India Limited and BSE. | buy cheap gold |

 The scheme was launched in 2015

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Universal Gold Bond scheme was launched in November 2015. The idea was to reduce the demand for physical gold and convert ménage savings used to buy gold into fiscal savings.

On MCX, December gold futures were trading at Rs per 10 grams. Indeed after a moment’s rally, gold prices have declined by Rs from this month’s high. The reason behind this is the fear of an earlier change in US financial policy, which could affect the precious essence. Read More

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