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Sovereign Gold Bonds: 6 golden reasons to invest in government-backed securities
Sovereign Gold Bonds 2020-21 (Series XII) will open for subscription from today (March 1). The issue will close on March 5. The issue price for sovereign gold bonds has been fixed at Rs 4,662 per gram.
It is issued by the Reserve Bank India on behalf of the Government of India. The Bonds are be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.Â
The government in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs 4,612 per gram of gold.