If you are also thinking of buying gold cheaply then PNB (Punjab National Bank), the second largest government bank in the country, is giving you a chance. Punjab National Bank has informed about this on social media. In fact, the government's sovereign gold scheme is once again open to investors. You can invest in this scheme from 1st February to 5th February 2021.
The Reserve Bank of India (RBI) has fixed the price of gold subscription at Rs 4,912 per gram this time. This is the eleventh season of the 2020-21 Sovereign Gold Bond Scheme. The settlement date of this bond is fixed as 9 February 2021.
According to the bank, investors can invest in gold till February 5, PNB said on social media . You can also make an online payment to get a discount of Rs 50.
Where to Buy Gold Sovereign Bonds You
need to have a pen card to buy sovereign gold bonds. Investors can also buy these bonds online. You can also buy it from banks, Stock Holding Corporation of India Limited (SHCIL), Post Office, and stock exchanges like NSE and BSE.
Advantages of buying gold bonds
- Gold bonds will earn 2.5 per cent interest per annum
- Investors also get the facility to buy at least 1 gram of bonds
- Investors also have the facility to take loans instead of gold bonds
- Gold bonds can be used as collateral to get a loan
In addition, investing in gold bonds does not cut your TDS.
According to the Reserve Bank, the nominal value of the bond was fixed at Rs 4,912. The bond was valued by the Indian Bullion and Jewelers Association Limited (IBJA) based on the average closing price of 999 purity gold between January 27 and 29.
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