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.
RBI s Sovereign Gold bond opens for subscription today
The RBI issued 10 tranches of sovereign gold bonds for an aggregate amount of Rs 2,316.37 crore (6.13 tonnes) during 2019-20. December 30, 2020 / 12:11 PM IST
The Sovereign Gold Bond Scheme 2020-21 – Series IX will be open for subscription today, December 28 till January 1, 2021. The issue price for the latest tranche of gold bonds has been fixed at Rs 5,000, though a discount of Rs 50 per gram on the nominal value will be offered to investors applying online and making the payment against the application through digital mode, the Reserve Bank of India had said.
The value of the bond is based on the simple average closing price (published by the India Bullion and Jewellers Association Ltd) for gold of 999 purity of the last three business days of the week preceding the subscription period, that is, December 22-24.