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Sovereign Gold Bond Scheme 2021-22 Opens Today Interest, Maturity, Tax — Key Things to Know Before Buying

Sovereign Gold Bond Scheme 2021-22 Opens Today Interest, Maturity, Tax — Key Things to Know Before Buying
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Sovereign gold bond opens May 17; issue price fixed at Rs 4,777/gm

Sovereign gold bond opens May 17; issue price fixed at Rs 4,777/gm SECTIONS Last Updated: May 14, 2021, 09:26 PM IST Share Synopsis The government, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. Getty Images 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. MUMBAI: 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.

Gold bond issue price fixed at Rs 4,777/gm; subscription opens May 17

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.

Sovereign Gold Bonds 2021-22: Series I subscription to start from May 17

URL copied 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.

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