By The eighth part of sovereign gold bonds of this business can open for subscription on weekday and can shut on November thirteen. the difficulty worth for Sovereign Gold Bond theme 2020-21-Series VIII has been fastened at ₹5,177 per gram of gold. Dhanteras and Diwali are celebrated next week. The sovereign gold bond theme was launched in November 2015 to cut back the demand for physical gold and shift an area of the domestic savings into money savings.
Here square measure ten things to know:
1) a reduction a reduction per gram are obtainable those investors applying on-line and also the payment against the applying is formed through digital mode.
2) For such investors, the difficulty worth of the gold bond are ₹5,127 per gram of gold.
3) The face value of the bond has been fastened supported the easy average terms [published by the Asian country Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last 3 business days of the week preceding the subscription amount, i.e. November 04 – 06, 2020, the run same.
4) the difficulty worth for the previous part of gold bonds (Series VII), that was open for subscription from national holiday to October sixteen, was ₹5,051 per gram of gold.
5) Sovereign Gold Bond 2020-21 is issued by depository financial institution {india|India|Republic of Asian country|Bharat|Asian country|Asian nation} on behalf of the govt of India.
6) The bonds square measure denominated in multiples of gram(s) of gold with a basic unit of one gram and also the minimum permissible investment is one gram.
7) Gold bonds provide associate degree annual rate of two.50% to investors.
8) specialists say that sovereign gold bond is an efficient thanks to invest in non-physical gold, if a vendee holds on until maturity. Gold funds or gold ETFs square measure generally seen as a lot of liquid choices than sovereign gold bonds tho’ they’re listed on stock exchanges.
9) Gold bonds have a maturity amount of eight years with associate degree exit choice when fifth year. The redemption worth is predicated on the then prevailing worth of gold.
10) Capital gains, if any, at maturity is exempt. this is often associate degree exclusive profit obtainable on gold bonds.
