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Sovereign Gold Bond Scheme opens today amidst Ukraine crisis: 5 day window to buy gold at low prices

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Sovereign Gold Bond Scheme opens today amidst Ukraine crisis: 5 day window to buy gold at low prices

New Delhi: The 2021-22 Sovereign Gold Bond Programme – Series X or Tenth Tranche is open for subscription from today (Monday 28 February).

Sovereign Gold Bond Scheme 2021-22 – Series-X will be open for subscription over five days from February 28 to March 4. The issue price of the Sovereign Gold Bond Scheme 2021-22 Series-IX is set at Rs 5,109 per gram of gold.

“The face value of the bond…is Rs 5,109,” the central bank said in a statement. The Indian government, after consultation with the Reserve Bank of India, has decided to offer a discount of Rs 50 per gram to investors who apply online and pay the application fee digitally. “For such investors, the issue price of gold bonds will be Rs 5,059 per gram of gold,” the RBI said.

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The bond has a term of eight years, with an exit option after the fifth year, which will be exercised on the next interest payment date. The minimum allowed investment is 1 gram of gold.

Each financial year (April to March), the maximum subscription limit is 4kg for individuals, 4kg for HUF and 20kg for trusts and similar entities.
Know Your Customer (KYC) specifications are the same as when buying physical gold. The government gold bond program, launched in November 2015, aims to reduce demand for physical gold and reallocate some of the domestic savings used to buy gold into financial savings.

“This is more than the market expected,” Reuters quoted Bob Haberkorn, chief market strategist at RJO Futures, as saying. “If Russia does occupy Kyiv and the international community reacts positively, the price of gold will soon soar above $2,000,” Haberkorn said. Berkorn added.

What is the Government Gold Bond Program?

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The sovereign gold bond program is a government bond denominated in grams of gold. They are an alternative to holding physical gold. Investors must pay the issue price in cash, and the notes will be redeemed in cash at maturity. The bond is issued by the Reserve Bank on behalf of the Indian government.

How will the sovereign gold bond program be sold?

Bonds will be sold limited through regular commercial banks (excluding Small Finance Banks and Payments Banks), Joint Stock Corporations of India (SHCIL), certain post offices and recognised stock exchanges (i.e. National Stock Exchange of India Limited and Bombay Stock Exchange). of.

Who can buy the sovereign gold bond program?

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Bond sales to resident individuals, HUFs, trusts, universities, and nonprofits are restricted.

Complete News Source : Zeenews

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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