RBI Gold Bond window opens today, should you subscribe?
RBI Gold Bond window opens today, should you subscribe?
Last Updated: Mon, May 24th, 2021, 11:06:50hrs
India s Sovereign Gold Bond Scheme managed by the Reserve Bank of India is open to subscriptions from today.
The central bank in a press release said the window for subscriptions will be open from Monday for four days. The subscription closes on May 28 2021.
The price of Gold for the Series II 2021-22 Gold Bond has been determined at Rs 4,842 per unit. Each bond is equivalent to the price per gram of 24 karat or 999 gold.
Payments to subscriptions made online or in digital mode are offered a discount of Rs 50 per unit. Hence, the issue price works to Rs 4,792 per unit.