There has been a huge decline in the prices of gold and silver in the second week of December. According to the official website of the Indian Bullion and Jewelers Association (IBJA), in the second week of the second week of December, the prices of gold and silver in the bullion market started at Rs. sixty-three thousand eight hundred and five per ten grams on Monday, December 4. Now, at the end of the second week, on Saturday, 9th December, the price of gold has declined by one thousand three hundred ninety rupees, falling to sixty-two thousand four hundred and fifteen rupees per ten grams. Due to the fall in gold prices by one thousand three hundred ninety rupees in the second week of December, the splendor of the wedding season will remain till the last auspicious time of fifteenth December.
Movement of gold and silver in the second week of December –
- Gold started at a price of Rs 63,805 per ten grams on Monday, December 4, which dropped drastically on Saturday, December 9, with the price of gold falling to Rs 62,415 per ten grams. A huge decline of one thousand three hundred ninety rupees has been recorded.
- Silver had started at a price of Rs 77,073 per ten kg on Monday, December 4, which dropped drastically on Saturday, December 9 and the price of silver came down to Rs 73,711 per ten kg. A huge decline of three thousand three hundred sixty two rupees has been recorded.
A huge fall in the price of silver by Rs 3,362 in the second week of December –
According to the official website of India Bullion and Jewelers Association (IBJA), a maximum decline of three thousand three hundred sixty-two rupees has been recorded in the movement of silver prices in the second week of December. At the beginning of the second week of December, the initial price of silver was recorded at Rs 77,073, which fell drastically on Saturday, December 9 and now the price of silver has been recorded at Rs 73,711 per ten kilograms. Also, in the second week of December, a huge fall of Rs 3,362 has been recorded in the price of silver.
Golden opportunity to invest in Sovereign Gold Bond –
The most important decision has been taken by the Government of India to release two new installments of Sovereign Gold Bond. An important decision has been taken by the Government of India to release the first tranche of Sovereign Gold Bond in the month of December and the second tranche of Sovereign Gold Bond by the Government of India in the month of February 2024. The first tranche of Sovereign Gold Bond by the Government of India is going to be open for investment only from December 18th to December 22nd. Whereas the second tranche of Sovereign Gold Bond by the Government of India is going to be open for investors only from 12th to 16th February in the month of February 2024. The Government of India is going to sell Sovereign Gold Bond through all the banks of India, Stock Holding Corporation of India Limited, Post Office as well as BSE and NSE.
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Complete information about Sovereign Gold Bond –
- Sovereign Gold Bond in simple words means 99.9 percent pure gold.
- In the Sovereign Gold Bond of the Government of India, investment has to be made in gold of twenty-four carat purity.
- All investors investing in Sovereign Gold Bond get annual interest at the rate of 2.5% per annum.
- There is no need to worry about security since the Sovereign Gold Bond is in demat form by the Government of India.
- The amount of Sovereign Gold Bond can also be used as collateral for the loan.
- Sovereign gold bonds have a maturity period of eight years.
- One can easily invest in Sovereign Gold Bond both offline and online.
- To invest in Sovereign Gold Bond, it is mandatory for all investors to have a Demat account.
- To invest in Sovereign Gold Bond, a minimum of one gram and maximum of four kg of gold can be purchased.
All investors in the first series of Sovereign Gold Bonds issued by the Government of India got a return of 128.5 percent –
The first series of Sovereign Gold Bond has been matured by the Government of India on 30th November. Sovereign Gold Bonds were issued by the Government of India on November 26, 2015 at an issue price of Rs 2,684 per gram. Sovereign gold bond holders have redeemed it after eight years at Rs 6,132 per unit. Due to which, Sovereign Gold Bond holders have redeemed a good total return of 128.5% in the last eight years.
For example, if an investor had invested approximately one lakh rupees in the Sovereign Gold Bond of the Government of India in the month of November 2015, then that investor would have earned approximately Rs 2.28 lakh after the maturity period of eight years on 30th November 2023.Investor Must have redeemed approximately Rs 2.28 lakh after the maturity period of eight years from their demat account. This means that by investing in Sovereign Gold Bond, after the maturity period of eight years, they would have earned approximately one lakh twenty eight thousand rupees.
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