This time on Holi, the government is giving you an opportunity to invest in Sovereign Gold Bonds. The fourth series of Sovereign Gold Bond Scheme 2022-23 will open from Monday i.e. March 6. There is an investment opportunity till March 10. This time the government has fixed the price of Sovereign Gold Bond at Rs 5,611 per gram.

50 per gram discount on applying online
On applying online and making digital payment, a discount of Rs 50 per gram will be available. That is, you will have to pay Rs 5,561 for 1 gram of gold. Accordingly, you will have to pay Rs 55,610 for 10 grams of gold.

Gold at Rs 56,103 in bullion market
According to the website of the India Bullion and Jewelers Association (IBJA), 24 carat gold is at Rs 56,103 per 10 grams in the bullion market on Saturday i.e. March 5. That is, the price of 1 gram of gold was Rs 5,610.

Here we are telling about Sovereign Gold Bond

RBI issues sovereign gold bonds
Sovereign Gold Bond is a government bond, which is issued by the RBI. It can be converted into demat form. It is worth its weight in gold. If the bond is of five grams of gold, the bond will be worth as much as five grams of gold. To buy it, one has to pay the issue price to a SEBI authorized broker. After selling the bond, the money gets deposited in the investor’s account.

No worries about purity and safety
There is no need to worry about purity in Sovereign Gold Bonds. The price of gold bonds is linked to the gold price of 24 carat purity published by the Indian Bullion and Jewelers Association (IBJA) as per the National Stock Exchange (NSE). Along with this, it can be kept in the form of demat, which is quite safe and does not cost anything.

2.50% interest is available on the issue price
Sovereign Gold Bonds earn a fixed interest of 2.50% per annum on the issue price. This money reaches your account every 6 months. However, tax will have to be paid on this according to the slab.

Tax is to be paid if withdrawn before 8 years
Sovereign does not attract any tax on the profit earned after the maturity period of 8 years. On the other hand, if you withdraw your money after 5 years, then the profit from this is taxed as Long Term Capital Gain (LTCG) at 20.80%.

it’s easy to buy
You need to have a demat account to buy gold bonds online. Through this you can buy units of gold bonds available on NSE. An amount equal to the price of the units you buy will be deducted from the bank account linked to your demat account. After this the units will be credited in your demat account.

You can also invest offline
RBI has given many options for investing in it. Investments can be made through bank branches, post offices, stock exchanges and Stock Holding Corporation of India (SHCIL). The investor has to fill an application form. After this money will be deducted from your account and these bonds will be transferred to your demat account.

PAN is mandatory for investing. The Bonds will be sold through all banks, Stock Holding Corporation of India Limited (SHCIL), recognized stock exchanges, National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).