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Application for purchase of gold bonds from today (24th April)
Posted on: 24/Apr/2017 4:30:09 PM
Interested parties may apply for buying gold bonds issued for the current financial year (April 2017 - March 2018) from today (Monday, 24th April). The last date for applying is 28th April.
The Central Ministry of Finance has announced that the price of the gold bonds will be lesser by Rs. 50 as compared to the market price.
Last week, the average price of 1 gram gold was Rs. 2951. However, its price here has been fixed at Rs. 2901.
The gold bonds will be allotted on 12th May. The investment period is 8 years. However, the investment can be withdrawn after 5 years. An annual interest rate of 2.75 percent will be given.
This is in line with the occasion of Akshaya Trithiyai falling on 28th April.
