RBI has announced Series-I of the sovereign gold bond (SGB) scheme for 2020-21. Investors are wondering if this is a good time to invest in the yellow metal. It has run up nearly 100 percent in the past year.
Under the scheme, one can buy a minimum of 1 gm of gold at Rs 4,639 per gm, with Rs 50-discount on a purchase made online. The upper limit for investing via SGBs is 4 kilos of gold. You also get 2.5 percent interest on the initial investment, payable every six months. The subscription is open till April 24.
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