Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Sat, 26 Feb 2022 02:06 PM IST
Summary
Sovereign Gold Bond Scheme 2021-22: The issue price for the next tranche of Sovereign Gold Bond 2021-22 has been fixed. The issue will open next week on Monday, February 28 and will be open till March 4. Information in this regard has been shared by RBI.
hear the news
hear the news
Issue price fixed at Rs 5109
According to the report, the issue price for the tenth tranche of gold bonds opening next week has been fixed at Rs 5,109 per gram. Earlier, the last consignment of Sovereign Gold Bonds was open for subscription from January 10 to 14. At that time the price was fixed at Rs 4,786 per gram. Let us inform here that at present, the price of gold is running at Rs 50,913 per 10 grams according to the last trading close.
Extra discount on online purchases
Investors who apply and pay online for this gold bond, they also get a discount. The Government of India, in consultation with RBI, has also decided to give a discount of Rs 50 per gram on the nominal value to those investors who will make the payment through online application and digital mode only. In this way, those who shop online will save Rs 50 per gram, i.e. investors will have to pay Rs 5059 per gram in digital mode.
You can buy gold bonds from here
RBI issues these gold bonds on behalf of the Government of India. These bonds will be sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Limited, designated post offices and recognized stock exchanges such as National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
This scheme was started in 2015
The SGB scheme was launched in November 2015. The objective of starting this scheme was to reduce the demand for physical gold. The bond price is determined on the basis of simple average of closing price of 999 purity gold issued by India Bullion & Jewelers Association Limited for the last 3 working days of the week preceding the subscription period.
Can invest one gram of gold
Under the Sovereign Gold Bond Scheme, a person can buy a maximum of 500 grams of gold bonds in a financial year. Whereas the buyer can invest at least one gram of gold. With this Hindu Undivided Family or HUF 4 kg and Trust and similar entity can invest 20 kg every financial year from April to March. It is worth noting that these gold bonds are issued by the RBI on behalf of the Government of India.
Expansion
Issue price fixed at Rs 5109
According to the report, the issue price for the tenth tranche of gold bonds opening next week has been fixed at Rs 5,109 per gram. Earlier, the last consignment of Sovereign Gold Bonds was open for subscription from January 10 to 14. At that time the price was fixed at Rs 4,786 per gram. Let us inform here that at present, the price of gold is running at Rs 50,913 per 10 grams according to the last trading close.
Extra discount on online purchases
Investors who apply and pay online for this gold bond, they also get a discount. The Government of India, in consultation with RBI, has also decided to give a discount of Rs 50 per gram on the nominal value to those investors who will make the payment through online application and digital mode only. In this way, those who shop online will save Rs 50 per gram, i.e. investors will have to pay Rs 5059 per gram in digital mode.
You can buy gold bonds from here
RBI issues these gold bonds on behalf of the Government of India. These bonds will be sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Limited, designated post offices and recognized stock exchanges such as National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
This scheme was started in 2015
The SGB scheme was launched in November 2015. The objective of starting this scheme was to reduce the demand for physical gold. The bond price is determined on the basis of simple average of closing price of 999 purity gold issued by India Bullion & Jewelers Association Limited for the last 3 working days of the week preceding the subscription period.
Can invest one gram of gold
Under the Sovereign Gold Bond Scheme, a person can buy a maximum of 500 grams of gold bonds in a financial year. Whereas the buyer can invest at least one gram of gold. With this Hindu Undivided Family or HUF 4 kg and Trust and similar entity can invest 20 kg every financial year from April to March. It is worth noting that these gold bonds are issued by the RBI on behalf of the Government of India.