नई दिल्ली: केंद्र सरकार, जनता को सस्ती दरों पर सोना खरीदने का अवसर दे रही है। इन्वेस्टर्स नौ अगस्त यानी सोमवार से सॉवरेन गोल्ड बॉन्ड (Sovere. | News Track
May 17, 2021 at 09:56 AM EDT There have been many gold stocks to watch in the last week. The reason behind this is the increasing price of gold itself. It seemed like gold could not push past the $1,800 per ounce price point for a few months. In May, the metal finally broke past the $1,800 per ounce mark and remained there for now. In 2020, gold reached a new record high of more than $2,000 per ounce. This brought a lot of new attention to gold that was previously not there. The reason for this uptick was the pandemic’s destruction of the economy. The COVID-19 pandemic crashed the price of the dollar and made investors move their money into gold stocks instead. So what things have an impact on gold prices? For one, world news is essential to look at when investing in gold stocks. For example, look at how the pandemic has impacted the sector. Next up would be sector news, anything from gold price movement to shortages and surpluses. Company news is also important, as advancement
In Pic: Know last date to invest in Sovereign Gold Bond
Gold prices in the market have remained above Rs 50,000 per 10 grams for the past six months.
DNA Web Team
Jan 15, 2021, 07:36 PM IST
The 10th series (Tranche-X) of the government s sovereign gold bond scheme 2020-21 is closing on Friday (January 15). This scheme started on January 11. Gold prices in the market have remained above Rs 50,000 per 10 grams for the past six months.
Meanwhile, amid the COVID-19 vaccination hopes that is likely to put the ailing economy back on track and rupee appreciation, gold prices on Friday fell for the second day in Indian markets.
RBI s Sovereign Gold bond opens for subscription today
The RBI issued 10 tranches of sovereign gold bonds for an aggregate amount of Rs 2,316.37 crore (6.13 tonnes) during 2019-20. December 30, 2020 / 12:11 PM IST
The Sovereign Gold Bond Scheme 2020-21 – Series IX will be open for subscription today, December 28 till January 1, 2021. The issue price for the latest tranche of gold bonds has been fixed at Rs 5,000, though a discount of Rs 50 per gram on the nominal value will be offered to investors applying online and making the payment against the application through digital mode, the Reserve Bank of India had said.
The value of the bond is based on the simple average closing price (published by the India Bullion and Jewellers Association Ltd) for gold of 999 purity of the last three business days of the week preceding the subscription period, that is, December 22-24.
Synopsis
For Indians, buying gold is a tradition. The asset is never sold except in extreme emergencies and is handed down from generation to generation. However, this is not a good financial planning strategy, especially after the recent rally in gold.
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Shifting your gold holding to sovereign gold bonds is a smart move. The 2.5% interest is its main attraction.
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