Gold Price Hike: Now you will not get cheap gold, the government has stopped this scheme..

Budget 2025: The Union Budget 2025 was presented by the Central Government on 1 February 2025. People had high expectations from this budget. Some people believed that the gold rates would fall in the coming days. But if we talk about the government's decision, then the gold rates have been increased by the government in the budget 2025. The reason for the increase in the gold rate is the closure of the scheme. Bumper benefits are being provided to the scheme.

Cheap gold is available due to this scheme-

The name of the scheme that we are going to tell you about today is the Sovereign Gold Bond (SGB) Scheme. This scheme was started by the Central Government (the Government's decision on gold) in 2015. The objective of this scheme was to give loans to the common people at interest rates cheaper than the market price. Along with this, under this scheme, the government promotes the purchase of physical gold to make it available at lower prices and investment in digital gold.

The government decided to close the scheme-

The budget 2025 was presented by Finance Minister Nirmala Sitharaman on February 1. Under this, more interest is provided on borrowing. Due to this, their financial burden also increases. This is the reason why the government is on the way to close this scheme (Sovereign Gold Bond closed).

These people will get bumper benefits-

Under this scheme, the cost of borrowing of the government can also be increased. This scheme (Sovereign Gold Bond benefits) was proving to be expensive for the government. Common investors were being given strong returns under this scheme. In the last few years, the SGB scheme has provided investors with a return of up to 160 percent. At the same time, it is now becoming difficult for the government (government update on gold rate) to continue this scheme from an economic point of view.

The government has started new schemes for investors-

Even though the government has decided to discontinue the Sovereign Gold Bond, the government can once again consider other new schemes. These include gold ETFs (exchange-traded funds) and other financial products.

Under this scheme, investors are going to be given a safe and simple way to invest in gold. Apart from this, the government is also going to take several measures to maintain control over gold imports. The government is taking this decision to keep gold prices stable in the domestic market.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.