Sovereign Gold Bond Scheme 2021-22: Subscribers can earn interest and get assured returns on their investment in gold bonds, the current series of which is open till tomorrow - May 28
Domestic spot gold closed at Rs 49,195 per 10 grams on Wednesday, and silver at Rs 71,866 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
Here s what analysts say:
Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services:
“The yellow metal has continued to show strength and the safe-haven demand will remain intact in general. While, DXY is struggling to extend recovery moves. MCX gold has hit the higher end of the range around 49000, further upside is possible only if prices hold on to these areas for few sessions. Else a correction towards 48000/47500 should be seen.
Sovereign Gold Bonds: The issue price is set at ₹ 4,842 per unit in the second tranche
Sovereign Gold Bond 2021-22 Scheme: The second tranche of the sovereign gold bond scheme 2021-22 opens for subscription on Monday, May 24, 2021. According to the Reserve Bank of India s schedule set for the gold bond scheme 2021-22, the second tranche window will be open for investors between May 24 - May 28. In a statement on Friday, May 21, the Ministry of Finance, in consultation with the central bank, announced the issue price of gold bonds which will be available in the second tranche of the scheme. (
According to the RBI, an issue price of Rs 48,42 per unit, equivalent to the value of one gram of gold, is applicable for the second installment of the gold bond scheme 2021-22. The date of issuance for the second tranche is set as June 1, 2021. The issue price set for each tranche is calculated using a simple average of the prices given by Mumbai-based India Bullion and Jewellers Associat