If you have missed investing in the first and second series of Sovereign Gold Bonds, then from May 31, the government is giving you an opportunity to invest in it once again. The Reserve Bank (RBI) will issue the third series from May 31 to June 4. The government has fixed a price of Rs 4,889 per gram for this. Those who apply for these online and pay through digital payment will get a discount of 50 rupees per gram.
The first series of Sovereign Gold Bond ran from 17 to 21 May and the second from 24 to 28 May. In the first series, the price of one gram of gold was fixed at Rs 4,777 and for the second, Rs 4,842.
Those who apply for these online and pay through digital payment will get a discount of 50 rupees per gram. That is, if you take gold bonds through these means, then you will get an additional benefit of 500 rupees per 10 grams.
According to the website of the Indian Bullion and Jewelers Association, gold has reached Rs 48,654 per 10 grams. That is, the price of Sovereign Gold Bond is slightly higher than gold this time. The price of 10 grams of gold in Sovereign Gold Bond is Rs 48,890. However, this difference is quite small.
According to information received from the Union Finance Ministry, Sovereign Gold Bonds will be issued in 6 installments between May and September. Out of this, 2 series have been released.
According to Surendra Mehta, secretary of the country's largest jewelery organization Indian Bullion and Jewelers Association, it is said that gold has again increased in the second wave of Corona. Looking at this, by the end of this year, gold can go up to Rs 57 thousand per 10 grams. At the same time, gold has reached US $ 2,200 an ounce in the international market.
At the same time, Manoj Kumar Jain, director of Prithvi Finmart, says that even when the economy declines, gold starts becoming expensive. The same atmosphere remains because of Corona. In such a situation, gold can go up to 54 thousand in the coming 5 to 6 months.
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