How can I buy sovereign gold bonds online in India?
Gold
is considered as a safe investment avenue especially in a country like India.
Historically, it has always outperformed many other asset classes. Investment in
sovereign gold bonds help you earn returns linked to the price of gold.
Amidst
the uncertainty caused by COVID-19, the Reserve Bank of India has come up with the
first of six tranches of the sovereign gold bonds. The subscription of gold
bonds starts from 20th April and ends on 24th April.
Sovereign Gold Bonds as an
Investment Avenue
The
issue price of gold bonds is fixed at Rs. 4,639 per gram. However, on applying
online through digital payment you get a discount of Rs. 50 per gram. The online investment price for you after the discount will be
Rs. 4,589. The scheme also provides tax benefits to the investors. The capital
gain at the time of maturity is tax-free. This tax benefit is not available in
any other scheme that is related to gold. These gold bonds offer an annual
interest rate of 2.50%. They mature after a period of 8 years but you have the
option to exit after the 5th year.
How to buy Sovereign Gold
Bonds In India?
You
can buy the sovereign gold bonds from banks, designated post office, Stock
Holding Corporation of India (SHCIL) and stock exchanges (NSE and BSE). The
minimum investment limit is 1 gram per investor. It is a low-risk investment
and ideal for those investors who have a lower risk appetite. Also in
comparison to purchasing physical gold, the cost of gold bonds is low.
Furthermore, these bonds provide income in the form of interest bi-annually.
If
you want to know more about the stock market or other financial instruments you
may consider taking assistance from Indira Securities.
Our contact numbers are 7970007871, 0731-4797170 or 0731-4797171.