Gold is becoming more expensive again in the second wave of the Corona epidemic. The price of 24 carat gold has reached 48,472 per 10 grams. In this case, if you are planning to buy gold, the government is now giving you the opportunity to buy gold cheaper than the market price.
Under the Sovereign Gold Bond Scheme, you can invest in gold at Rs 47,770 per 10 grams. This price is Rs 702 less than the market. In this case, you can earn more by investing in sovereign gold bonds. The scheme will continue till May 21.
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There will be
an extra benefit of Rs 500 on making digital payments. People who apply online and pay through digital payments will get a discount of Rs 50 per gram. This means that if you take a gold bond through these mediums, you will get an additional discount of Rs 500 per 10 grams. In such a situation, if you buy 10 grams of gold online, you will get a profit of Rs 1205.
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There will be
an extra benefit of Rs 500 on making digital payments. People who apply online and pay through digital payments will get a discount of Rs 50 per gram. This means that if you take a gold bond through these mediums, you will get an additional discount of Rs 500 per 10 grams. In such a situation, if you buy 10 grams of gold online, you will get a profit of Rs 1205.
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You will also get interest on investing in it.
Sovereign Gold Bonds get a fixed interest of 2.50% per annum on the issue price. This money is credited to your account every 6 months. You do not get this kind of benefit on Physical Gold and Gold ETFs. According to the NSE website, one of the advantages of investing in Sovereign Gold Bonds is that there is no tax on the profits after a maturity period of 8 years. In addition there is no TDS on the interest paid every 6 months.
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You will also get interest on investing in it.
Sovereign Gold Bonds get a fixed interest of 2.50% per annum on the issue price. This money is credited to your account every 6 months. You do not get this kind of benefit on Physical Gold and Gold ETFs. According to the NSE website, one of the advantages of investing in Sovereign Gold Bonds is that there is no tax on the profits after a maturity period of 8 years. In addition there is no TDS on the interest paid every 6 months.
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Don't delay investing in it
, says Pankaj Mathpal, a personal finance expert and founder and CEO of Optima Money Managers. This is because the world is still in a state of uncertainty due to the corona, and according to scientists, the third wave of the corona is yet to come in the coming months. In such a scenario, gold may become more expensive in the coming days. So investing in gold right now will pay off.
Gold rose by Rs 1,390 and silver by Rs 3,705 in May.
So far this month, gold has risen by Rs 1,681. On April 30, gold price was Rs 46,791 per 10 grams, which has gone up to Rs 48,472 on May 19. Earlier, gold had gained Rs 2,601 in April. That is, gold has risen by Rs 4,282 since April.
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Don't delay investing in it
, says Pankaj Mathpal, a personal finance expert and founder and CEO of Optima Money Managers. This is because the world is still in a state of uncertainty due to the corona, and according to scientists, the third wave of the corona is yet to come in the coming months. In such a scenario, gold may become more expensive in the coming days. So investing in gold right now will pay off.
Gold rose by Rs 1,390 and silver by Rs 3,705 in May.
So far this month, gold has risen by Rs 1,681. On April 30, gold price was Rs 46,791 per 10 grams, which has gone up to Rs 48,472 on May 19. Earlier, gold had gained Rs 2,601 in April. That is, gold has risen by Rs 4,282 since April.
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What is a Sovereign Gold Bond?
Sovereign gold bonds are government bonds. It can be converted to demat form. It is not valued in rupees or dollars, but in the weight of gold. If the bond is five grams of gold, the value of the bond will be the same as the value of five grams of gold. To buy it, you have to pay the issue price to an authorized broker of SEBI. The bonds are issued by the government through the Reserve Bank of India.
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What is a Sovereign Gold Bond?
Sovereign gold bonds are government bonds. It can be converted to demat form. It is not valued in rupees or dollars, but in the weight of gold. If the bond is five grams of gold, the value of the bond will be the same as the value of five grams of gold. To buy it, you have to pay the issue price to an authorized broker of SEBI. The bonds are issued by the government through the Reserve Bank of India.
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