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Reserve Bank of India fixes gold bond issue price at Rs 4,842 per gram

The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2021-22 - Series II or the second tranche will be open for subscription from May 24 to 28. 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 4,842 per gram of gold, the RBI said in a statement.

Subscription for 1st tranche of Sovereign Gold Bonds 2021-22 from May 17

Subscription for 1st tranche of Sovereign Gold Bonds 2021-22 from May 17 ​ By IANS | Published on ​ Wed, May 12 2021 22:21 IST | ​ 3 Views   Subscription for 1st tranche of Sovereign Gold Bonds 2021-22 from May 17. Image Source: IANS News New Delhi, May 12 : The Centre has issued the schedule for the Sovereign Gold Bonds Scheme 2021-22 and the subscription for the first tranche of the scheme will open on May 17. The overall issuance will be done in six tranches from May September. The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021, said an official statement.

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