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Sovereign Gold Bonds 2021-22: Series I subscription to start from May 17
The first tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from Monday, the Finance Ministry said in a statement. The bonds will be issued in six tranches from May 2021 to September 2021, it said on Wednesday.
The subscription period for 2021-22 Series I will be May 17-21, and bonds will be issued on May 25.
The bonds will be sold through banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
Govt To Issue Sovereign Gold Bonds In Six Tranche; Subscription For 1st Tranche Opens On 17 May swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
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
Akshay Tritiya is considered an auspicious occasion to start new things and make valuable purchases. Indians have a special attachment to gold, and over the years, have continued to import gold in huge quantities to fulfil their insatiable desire for the yellow metal.
While Indian attraction to gold is unparalleled, demand is highly sensitive to growth and price.
Last year, based on data from the World Gold Council, Indian consumer demand fell over 35 per cent, leading to a sharp drop in imports. The Indian and global economies contracted sharply last year as Covid-19-related restrictions impacted activity. Meanwhile, gold prices jumped to record high levels both in domestic and international markets.