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SGB vs Spot Gold: The Modi government is selling gold cheaply at around Rs 1000 per 10 grams from the bullion market. However, this gold will not be available in the form of physical gold but in the form of bonds. If you make a digital payment, it will be Rs 1000 cheaper than today’s market rate, including a Rs 500 discount. We are talking about the Sovereign Gold Bond, which is open from Monday and will close on Friday. This gold bond has the facility to invest both offline and online. People who want to invest online can apply to buy gold bonds through the website of Reserve Bank of India or other banks.
RBI has fixed the price of gold bonds for investment in Sovereign Gold Bond Scheme at Rs 6,199 per gram. This rate is fixed based on the rate issued by IBJA. As per the rate issued by IBJA this afternoon, the rate of 24 carat gold is Rs 6245 per gram. That means the sovereign gold bond is currently trading at Rs. 44 per gram is cheaper. If we add a discount of Rs 50 on online payment, it becomes cheaper by Rs 94 per gram as of today. That means you will get 940 rupees cheaper on buying 10 grams of gold.
Also read: Gold prices today: Gold and silver prices rise again, 24 carat gold now at ₹ 62449, silver above ₹ 74000
Let us tell you that according to RBI, the price of SGB is Rs 6,199 per gram based on the simple average of the closing price of gold of 999 purity. Investors buying gold bonds through online or digital means will be given a discount of Rs 50 per gram. The bond price for such investors will be Rs 6,149.
How much gold you can buy: To invest in Sovereign Gold Bonds, one has to buy at least 1 gram or up to 500 grams of gold at a time. The limit is a maximum of four kilograms for a financial year. For some organizations this limit is up to 20 kg.