Sovereign Gold Bond: Today is the only day left to invest in Sovereign Gold Bond (SGB). Let us tell you that the Government of India had started the February series of SGB from 12 February 2024, which will close today (16 February 2024). In this you get the opportunity to buy gold at a price lower than the market rate.

What is the price of sovereign gold bond?

Let us tell you that in the Sovereign Gold Bond Scheme, the issue price has been fixed at Rs 6,263 per gram. At this price you can buy it only today. However, this gold bond will be issued on 21 February 2024.

If you buy this bond online then you will get a discount of Rs 50 per gram. This means that after online payment you will have to pay only Rs 6,213 for the gold bond.

You can buy a minimum of 1 gram of gold and a maximum of 4 grams of gold.

How much interest is given on sovereign gold

The maturity tenure of Sovereign Gold Bond is 8 years. However, you can withdraw it after 5 years. Let us tell you that in SGB you get the benefit of interest at the rate of 2.50 percent.

You can also take a loan by pledging gold bonds. The Sovereign Gold Bond Scheme was launched in the year 2015. You can also buy it through your savings bank account.

You can sell it on Sovereign Gold Bond, Bank, Stock Holding Corporation of India Limited (SHCIL), Post Office and Stock Exchange i.e. BSE and NSE.

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Here you can invest in 99.9% pure gold of 24 carat. In this, the price has been fixed at Rs 6,263 per gram. If you want to apply in this, you can do it online also, you will also get discount on this.

What is the price of gold?

If we look at the gold prices released by IBJA (India Bullion & Jewelers Association Ltd), then on February 12, 24 carat gold was Rs 6,238 per gram, 22 carat 6,088, 20 carat 5,552, 18 carat 5,053 and 14 carat Rs 4,024 per gram. Available on gram wise basis.

Where can you buy it?

• Can buy online and offline from banks
• You will get a discount of Rs 50/gram on online purchase.
• You can also buy from post office.
• Can be purchased through stock holding corporation.
• There is an option to buy from BSE and NSE platforms also.

How to apply online?

You can also apply for SGB through net banking at SBI. Know the process-

Step 1: First of all login to SBI Net Banking by entering your login details.

Step 2: Click on ‘e-service’ from the main menu.

Step 3: Click on Sovereign Gold Bond Scheme.

Step 4: Click on ‘Purchase’ from the header tab.

Step 5: Select the ‘Terms and Conditions’ tab and click on ‘Proceed’.

Step 6: Fill in the quantity you want to purchase. Fill the nominee details and submit.

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