SGB Issue Price: Buy Sovereign Gold Bonds at a Lower Price from Monday

Written by Shiksha Press

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Sovereign Gold Bonds priced at ₹6,263 per gram, issue to open on Monday

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Sovereign Gold Bonds : Starting Monday, the government sets the SGB issue price at Rs 6,263 per gram. Apply online and enjoy a Rs 50 discount per gram. Now, let’s break this down simply.

Sovereign Gold Bonds: Affordable Gold for Everyone

In Delhi, gold is currently about Rs 6,330 per 10 grams. But here’s good news! The government lets you buy gold cheaper from Monday, with the Sovereign Gold Bond set at just Rs 6,263 per gram. The RBI announces that this special offer, part of the Government Gold Bond Scheme 2023-24 Series Four, runs from the 12th to the 16th of this month.

Get a Discount Online

Apply online and pay digitally to save Rs 50 per gram. That’s right, the RBI confirms your new price is just Rs 6,213 per gram. The Indian Government, along with the RBI, is giving a ₹50 per gram discount for online investors using digital payment methods.

Where to Buy Your Gold Bonds

You can buy SGBs through major banks (excluding Small Finance Banks and others), SHCIL, CCIL, certain post offices, and major stock exchanges like NSE and BSE. The RBI, representing the Government, opens this chance only to individuals, HUFs, trusts, universities, and charitable bodies, with a buying limit set to keep things fair.

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How to Buy Sovereign Gold Bonds?

Just log into your internet banking, find ‘Sovereign Gold Bond’ under ‘e-Services’, and follow the steps to register and buy. If you’re new, sign up, fill in your details, and buy the gold at the reduced price. It’s that easy!

Easy Steps to Buy Sovereign Gold Bond Online

  1. Start by logging into your internet banking.
  2. Find ‘e-Services’ on the menu and select ‘Sovereign Gold Bond’.
  3. New here? Click ‘Register’, agree to RBI’s terms, and you’re set.
  4. Fill in details and specify your demat info – CDSL or NSDL.
  5. Submit your form, choose ‘Buy’, and enter how much gold you want.
  6. Confirm your details with the OTP sent to your phone.

Simple, right? Get ready to make your gold investment smarter and cheaper this Monday!

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