A big shock from the government on Gold, now no one will get cheap gold?

Buying gold has become difficult for the common man now. The price of rising gold every day has disturbed people. Meanwhile, the government is going to take such a decision, due to which the common man will be directly affected.

In fact, after the budget on Saturday, when the media asked the Finance Minister on the SGB scheme, then the Finance Minister of the Finance Minister The answer came from the side that the government is on the way to shut down this scheme. Let us know what is this scheme and how the common man will stop getting cheap gold due to its closure. >

The scheme we are talking about is called Sovereign Gold Bond (SGB) scheme. This scheme was launched by the Central Government in 2015, aims to give gold to the common people at cheap rates than the market price. Apart from this, under this scheme, the government was also emphasizing on reducing the purchase of physical gold and promoting investment in digital gold.

however, Finance Minister Nirmala Sitharaman after the budget on 1 February. Talking to the media, he said that the government has to pay more interest on borrowing under this scheme, due to which its financial burden is increasing. This is the reason why the government is on the way to shut down this scheme.

Investors were getting strong benefits The borrowing cost was increasing and this scheme was proving to be expensive for the government. However, common investors were getting strong returns from this scheme. According to the ET report, in the last few years, the SGB scheme gave investors a return of up to 160 per cent. However, now it has become difficult for the government to continue it.