Subscription for 1st tranche of Sovereign Gold Bonds 2021-22 from May 17
By IANS |
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Wed, May 12 2021 22:21 IST |
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Subscription for 1st tranche of Sovereign Gold Bonds 2021-22 from May 17. Image Source: IANS News
New Delhi, May 12 : The Centre has issued the schedule for the Sovereign Gold Bonds Scheme 2021-22 and the subscription for the first tranche of the scheme will open on May 17.
The overall issuance will be done in six tranches from May September. The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021, said an official statement.
Sovereign Gold Bonds 2021-22 will be issued in six tranches, said the Finance Ministry
Sovereign Gold Bond: The central government, in consultation with the Reserve Bank of India (RBI) today decided to issue the schedule for the Sovereign Gold Bonds Scheme 2021-22. The Sovereign Gold Bonds Scheme 2021-22 will be issued in six tranches, starting from May 2021 to September 2021. According to a statement released by the Ministry of Finance on Wednesday, May 12, the subscription for the first tranche of Sovereign Gold Bonds Scheme 2021-22 will open on May 17, 2021, and will end on May 21, 2021, remaining open for investors for a period of five days.
NEW DELHI: After a spectacular run in the pandemic-hit 2020, precious metals have failed to impress despite a volatile beginning in the new fiscal year. Analysts, however, believe that the current consolidation phase is nothing but a normal one after last year s peak. With fundamentals suggesting lower rates and higher anticipated inflation numbers, gold and silver prices may start their up trend again, attracting attention towards precious metals, Sunil Kumar Katke, Head - Commodity and Currency, Axis Securities, told ETMarkets.com.
Last year, gold delivered a return of 45 per cent. Gold prices have declined by 25 per cent now from its peak of Rs 56,191 reached last year. The yellow metal is hovering around Rs 46,900-47,000 per 10 gram, implying a fall of Rs 9,300. Similarly, silver has plunged up to 15 per cent from the peak of Rs 77,950 to Rs 68,800-69,000.
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Physical gold, Bonds, ETFs: A quick comparison and which is best to invest
Gold investment is a traditional form of investment and is considered as one of the lowest-risk investment options. It offers liquidity in times of emergencies, besides it has status symbol. For ages, the yellow metal has served as a hedge against inflation. If investment is done wisely in gold, it can help in averting risk of loss, beat inflation and provide a good corpus during uncertain times.
In India, gold is also one of the most exported metals and wealth planners suggest that the metal should be a part of an investorâs portfolio. In long-term perspective, investment in gold gives a better return than any traditional form of investment options like FDs and RDs. There are multiple options available to invest in gold. Apart from buying physical gold which is still popular in India, investors have options like Sovereign Gold Bonds and exchange-traded funds (ETFs) or mutual fun