The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 17, has been fixed at Rs 4,777 per gram, the Reserve Bank of India said on Friday. 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 4,777 per gram of gold, the RBI said.
One can buy digital gond through the gold bond scheme, which comes with a government guarantee and an interest income. On Wednesday, May 12, the Ministry of Finance announced that the government, in consultation with the Reserve Bank of India, has decided to issue the Sovereign Gold Bonds Scheme 2021-22.
According to the Finance Ministry, the gold bond scheme 2021 will be issued in six tranches. The subscription for the first tranche of Sovereign Gold Bonds Scheme 2021-22 will open on May 17 and will end on May 21, remaining open for a period of five days.
How To Invest In Sovereign Gold Bonds
Sovereign Gold Bonds 2021-22 will be issued in six tranches, said the Finance Ministry
Sovereign Gold Bond: The central government, in consultation with the Reserve Bank of India (RBI) today decided to issue the schedule for the Sovereign Gold Bonds Scheme 2021-22. The Sovereign Gold Bonds Scheme 2021-22 will be issued in six tranches, starting from May 2021 to September 2021. According to a statement released by the Ministry of Finance on Wednesday, May 12, the subscription for the first tranche of Sovereign Gold Bonds Scheme 2021-22 will open on May 17, 2021, and will end on May 21, 2021, remaining open for investors for a period of five days.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Read more about Sovereign Gold Bond scheme opens today. Should you subscribe? on Business Standard. With gold prices on a decline, thanks to a rise in bond yields - globally and in India - analysts say investing in the yellow metal and the SGB scheme makes little sense right now