Sovereign Gold Bonds are available at an issue price of ₹ 4,889 per unit
Sovereign Gold Bond 2021-22: The third tranche of the government-run sovereign gold bond scheme will close for subscription tomorrow, June 4, 2021. Gold bonds have become a preferred way for subscribers looking to invest in the yellow metal in a non-physical form amid the COVID-19 pandemic. Gold bonds, linked to the market price of gold, provide additional returns and are considered to be safer in view of being a government-run scheme, on behalf of the Reserve Bank of India (RBI). (
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After the present series, the gold bond scheme will be available for subscription with three more tranches. According to the Reserve Bank, an issue price of ₹ 4,889 per unit, equivalent to the value of one gram of gold, is applicable for the third tranche of the gold bond scheme 2021-22. The date of issuance for the third tranche is set as June 8, 2021.
Highlights
Available for subscription from May 31.
Subscription will close on June 4.
New Delhi: The Sovereign Gold Bond Scheme 2021-22- Series-III or the third tranche will be open for subscription from today (May 31) to June 4, 2021.
The issue price for Sovereign Gold Bond Scheme 2021-22, which is open for subscription for five days, has been fixed at Rs 4,889 per gram of gold, the Reserve Bank of India (RBI) said.
Earlier, the government had announced to issue the Sovereign Gold Bond (SGB) in six tranches from May 2021 to September 2021. The RBI will issue the bonds on behalf of the Government of India.
Sovereign gold bond issue price fixed at Rs 4,889/gm; subscription to open on Monday The third tranche of Sovereign Gold Bond Scheme has opened for subscription today. The issue price of the scheme, which will last for five days, has been fixed at Rs 4,88
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