Sovereign Gold Bond opens as yellow metal price hits 8-month low: Should you subscribe?
The COVID-19 pandemic and lockdowns had led to a surge in gold prices globally. Most commodity experts see a further downside in the gold prices amid decrease in infections, opening up of economies, and increase in vaccination pace
Gold price is down by over Rs 11,000 from its highs of Rs 57,000 in August 2020
The twelfth tranche of Sovereign Gold Bond Scheme (SGB) opens for subscription on Monday, March 1 till Friday, March 5 as the yellow metal hits eight-month record low price of around Rs 46,000. Gold price is down by over Rs 11,000 from its highs of Rs 57,000 in August 2020. The COVID-19 pandemic and lockdowns had led to a surge in gold prices globally. Most commodity experts see a further downside in the gold prices amid decrease in infections, opening up of economies, and increase in vaccination pace. So, does it make sense to invest in the Sovereign Gold Bold now?
Sovereign Gold Bond Scheme 2020-21 | Sovereign gold bond opens for subscription today: 9 things to know timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
URL copied
Gold Bond Scheme 20-21 to be issued at Rs 4,662/gm
The new series of Sovereign Gold Bonds 2020-21 will be opened for the period March 1-5, 2021. The issue price of the Bond during the subscription period shall be Rs 4,662 per gram.
The Settlement date under the Series XII scheme had been fixed for March 9.
The Government in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode.
For such investors the issue price of Gold Bond will be Rs 4,612 per gram of gold.
Indian government s Sovereign Gold Bond Scheme 2020-21 - Series XI opens for subscription today.Silver prices have soared in recent days in global markets amid a GameStop-style squeeze
Budget 2021: Buy gold at cheaper rates through this government scheme - Here’s all you need to know about your eligibility, how to apply for the Sovereign Gold Bond Scheme.