500 rupees cheaper gold on Rakshabandhan, but it will be on paper, not a stick

August 3 is Rakshabandhan. The Modi government is giving an opportunity to buy cheap gold. A gift can be given to a sister by buying cheap gold. The government’s sovereign gold bond scheme will resume on August 3. In this bond scheme, the price of gold has been fixed at Rs 5,334 per gram. 10 grams is Rs.53340. Which is available in the market at the same price.


Those who pay online will get a discount of Rs 50 per gram. One hundred rupees when you pay 10668 rupees. You will get a discount of Rs.500 per tola. Gold can be bought as a bond. These bonds can be purchased in a minimum of one gram and a maximum of 4 kg. Applications can be made digitally at Bank, Post Office, Stock Holding Corporation of India, NSE and BSE. The term of the bond under the Reserve Bank is eight years. There is an option to opt out of the interest payment date after the fifth year.

The government wants to reduce the actual consumption of gold. The plan is until August 7th. The government will bring the scheme once again in September.