Read more about Gold bond issue price fixed at Rs 4,889 per gm; subscription opens Monday on Business Standard. The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 31, has been fixed at Rs 4,889 per gram of gold, the Reserve Bank of India (RBI) said
Gold bond issue price fixed at Rs 4,889 per gm of gold; subscription opens freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Sovereign Gold Bond Scheme 2021-22: Subscribers can earn interest and get assured returns on their investment in gold bonds, the current series of which is open till tomorrow - May 28
Sovereign gold bonds scheme opens today; should you subscribe?
Gold/ representative pic
Are you looking for a hedge against inflation? Do you want to add gold to your portfolio? You may consider putting money in sovereign gold bonds. These are government securities that are denominated in grams of gold. You may invest in sovereign gold bonds if you want a substitute for physical gold without the hassles of storage expenses and making charges. Should you invest in the sovereign gold bond scheme?
What are sovereign gold bonds?
Sovereign gold bonds or SGBs are government securities issued in denominations of grams of gold. You can pay the issue price in cash and redeem the bonds on maturity in cash.