Highlights
Available for subscription from May 24.
Subscription will close on May 28.
Mumbai: The Sovereign Gold Bond Scheme 2021-22 - Series II or the second tranche is available for subscription from today (May 24).
The issue opens today for subscription and will close on May 28. The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram, the Reserve Bank of India said.
The government has decided to issue the bonds in six tranches from May 2021 to September 2021. The RBI will issue the bonds on behalf of the Government of India. The nominal value of the bond based on the simple average closing price for gold of 999 purity of the last three business days of the week preceding the subscription period. Works out to Rs 4,842 per gram of gold, the RBI said in a statement.
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The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2021-22 - Series II or the second tranche will be open for subscription from May 24 to 28. The government has decided to issue the bonds in six tranches from May 2021 to September 2021. The RBI will issue the bonds on behalf of the Government of India. The nominal value of the bond based on the simple average closing price for gold of 999 purity of the last three business days of the week preceding the subscription period. works out to Rs 4,842 per gram of gold, the RBI said in a statement.