Back home, gold and silver of 99.9 per cent purity stood at Rs 47,806 per 10 grams and Rs 69,152 per kilogram in the spot market, respectively, according to Mumbai-based India Bullion and Jewellers Association (IBJA), an industry body. Both prices exclude GST.
#Gold and #Silver Closing #Rates for 23/04/2021#IBJA https://t.co/RA2i59NWDF IBJA (@IBJA1919) 1619178522000Weakness on Dalal Street, where benchmarks continued to decline after a day s hiatus amid an unprecedented surge in Covid infections in the country, boosted gold s safe-haven appeal, weakness in the dollar made the yellow metal more attractive for those trading in other currencies, market participants said.
Spot silver eked out a gain of 0.07 per cent to quote at $25.85 per ounce.
Back home, gold and silver of 99.9 per cent purity stood at Rs 47,174 per 10 grams and Rs 68,608 per kilogram in the spot market, respectively, according to Mumbai-based India Bullion and Jewellers Association (IBJA), an industry body. Both prices exclude GST.
#Gold and #Silver Opening #Rates for 20/04/2021#IBJA https://t.co/BuBnovhYIc IBJA (@IBJA1919) 1618900796000
What analysts say The rebound in US yields overpowered the support from the sagging dollar. Market participants could receive certain updates regarding the $2 trillion infra plan after US President Joe Biden s meet with certain lawmakers yesterday, said Navneet Damani, VP-Commodities Research, Motilal Oswal Financial Services.
Issue Price
Under the 12th tranche, each gold bond (equivalent to one gram of gold) is priced at Rs 4,662, according to the central bank. The rate is decided on the basis of spot prices provided by the Mumbai-based India Bullion and Jewellers Association (IBJA).
Important Dates
The 12th tranche of the gold bond scheme opened for subscription on Monday, March 1, and is available for investing till today, March 5, 2021
Promoted
Discount
A discount of Rs 50 per unit is applicable for those investing in the gold bonds online, and the payment against the application is made through any of the digital modes. For investors paying online, the issue price of the gold price will be Rs 4,612 per gram of gold. (
Sovereign Gold Bond (SGB) Scheme: Issue Price For 12th Tranche Announced: Check Important Dates, Discount, Interest ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
Sovereign Gold Bonds are available at an issue price of Rs 4,912 per unit
Sovereign Gold Bond: Series XI of the Sovereign Gold Bond scheme is open for subscription till tomorrow, February 5. The Government-run gold bonds, linked to the market price of gold and offers additional returns, are one of the few options to invest in the yellow metal in a non-physical form. After this series, the gold bond scheme will be available for subscription, one more time in March 2021. For the eleventh installment of the gold bond scheme, an issue price of ₹ 4,912 per unit, equivalent to the value of one gram of gold, is applicable, according to the Reserve Bank of India. (