Recently it reached 2,830 dollars. In India too, the price of gold had reached Rs 84,900 per 10 grams. The reason for this is said to be the tariff policy of US President Donald Trump. Commodity experts say that given the uncertainty in the global economy, the rise in gold is expected to continue.

After the closure of the Sovereign Gold Bond ( SGB ) scheme, now the only options left for investing in gold are Gold ETF and Gold Mutual Fund . Investments can be made in both of these in the secondary market. If needed, you can easily sell the investment. Investing in both of these options is easier than investing in physical gold, because in these you do not have to worry about the purity of gold.

Gold ETF

Gold ETF tracks the prices of physical gold. This means that the prices of gold ETF fluctuate according to the fluctuations in gold prices. The value of gold ETF is based on the price of gold. This is because gold ETF invests its money in physical gold. The value of one unit of gold ETF is equal to one gram of gold.

Gold ETFs are listed in the stock markets. Therefore, investing in them is safe. They also have good liquidity. A demat account is necessary to invest in gold ETFs. Apart from this, there is an entry load on investing in gold ETFs. There is an exit load on selling.

Gold Mutual Fund

Gold mutual funds are open-ended funds that invest in units of gold ETFs. Every gold mutual fund has a fund manager who takes investment decisions. The units in a gold mutual scheme have a net asset value (NAV). Since the assets of a gold mutual fund are managed by a fund manager, its returns can be higher than the returns of gold in the long term. The expense ratio of a gold mutual fund is slightly higher than that of a gold ETF.

One can invest in Gold Mutual Fund with less money as compared to Gold ETF. This makes it easier for retail investors to invest in it. A demat account is also not required to invest in Gold Mutual Fund. According to Value Research, the one-year return of Gold Mutual Funds is 29.45 percent.

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The government says that the decision on the next installment will be taken based on the market demand. Only if there is demand in the market, the government will bring a new installment of Sovereign Gold Bond.

Assessing market needs

According to a report, sources in the Ministry of Finance said that the government will deeply assess the market situation before bringing a new installment of Sovereign Gold Bond. This scheme is not a social security scheme and the borrowing cost in it is the highest. In such a situation, the market conditions and needs will be reviewed before bringing a new installment.

There is a possibility of the scheme being shut down

This information has come at a time when speculations were being made about closing the Sovereign Gold Bond since last month. According to media reports, the government is considering this scheme to be expensive and complicated, due to which it is considering closing it.

The scheme was started in 2015

Sovereign Gold Bond was introduced in the year 2015 with the main objective of controlling gold imports. The Reserve Bank of India (RBI) issues bonds under this scheme and it has become an attractive option for investors. However, if it is discontinued, the scheme will not even complete 10 years of its launch.

Reasons for the popularity of gold bonds

Market boom: When the price of gold in the market rises, the value of SGB investment also increases.

Interest: Investors get 2.5% interest every year.

Tax-free amount: The amount received on maturity is completely tax-free.

Online discount: There is a discount of Rs 50 per gram on buying bonds online.

Freedom from hassles: This scheme saves from problems like making charges, storage and adulteration of physical gold.

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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.

The post Sovereign Gold Bond: Buy cheap gold sitting at home, extra discount on buying online, see step-by-step process first appeared on Rightsofemployees.com.

Sovereign Gold Bond Issue: A great and safe opportunity to invest in gold has arrived. The Reserve Bank of India (RBI) has fixed the price of the Sovereign Gold Bond Issue starting from December 18. Investors will have to invest Rs 6199 per gram to buy gold in this bond. This issue will remain open for five days.

Discount will be available on online purchase of bonds

This is the third series of Sovereign Gold Bond Scheme 2023-24, which will be open from 18 to 22 December. The Finance Ministry said on Friday that a discount will also be available on purchasing gold bonds online. On the advice of the Reserve Bank, the Central Government has decided to give a discount of Rs 50 per gram to those making online payment. According to the Finance Ministry, the price of the bond for such investors will be Rs 6,149 per gram.

Fear of rise in gold prices

There is a possibility of further increase in gold prices. In such a situation, it is expected that in view of this, good demand can be seen for this series of Sovereign Gold Bond.

RBI’s 66th Sovereign Gold Bond

This is the 66th sovereign gold bond being issued by RBI. The first bond was issued in 2015, which also matured on November 30 last month. The first and second series of this financial year had received a strong response from investors and record purchases were made. In the second series in September, people had subscribed for bonds worth 11.67 tonnes of gold and in the first series, 7.77 tonnes of gold had been subscribed.

How to get tax exemption

RBI Sovereign Gold Bond gives better returns than investment options like bank FD. In this, along with return on investment, security is also guaranteed. It has the support of the government. Therefore there is no risk of losing money. Besides, investors get the benefit of rising gold prices and interest is also given on the purchase of gold. If investors hold the bond till maturity then the income at the time of maturity will be tax free. The maturity of the bond is in eight years.

Who can invest

Under the Sovereign Gold Bond Scheme, you can buy a minimum of 1 gram and a maximum of 4 kilograms of gold in a year. Trusts and institutions can buy up to 20 kg of gold in a year.

Buy gold from here

To buy gold, you can contact Stock Holding Corporation of India Limited (SHCIL), NSE, BSE recognized stock exchanges, post offices and commercial banks. KYC is necessary to buy gold under SGB. Along with this, it is also necessary to have PAN card.

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