Issue Price
Under the 12th tranche, each gold bond (equivalent to one gram of gold) is priced at Rs 4,662, according to the central bank. The rate is decided on the basis of spot prices provided by the Mumbai-based India Bullion and Jewellers Association (IBJA).
Important Dates
The 12th tranche of the gold bond scheme opened for subscription on Monday, March 1, and is available for investing till today, March 5, 2021
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Discount
A discount of Rs 50 per unit is applicable for those investing in the gold bonds online, and the payment against the application is made through any of the digital modes. For investors paying online, the issue price of the gold price will be Rs 4,612 per gram of gold. (
Updated Mar 04, 2021 | 06:06 IST
Other than the value appreciation of investment amount in SGBs with a rise in prices of gold over time, they also promise an interest rate of 2.5% on the invested amount. Sovereign gold bonds: Know about redemption options, maturity & taxation | Photo Credit: ANI
Series XII of the central government’s Sovereign Gold Bond (SGB) scheme 2020-21 opened for subscription on March 1, 2021. The twelfth issue of SGBs is priced at Rs 4,662 per gram of gold and are available for a discount of Rs 50 per gram.
SGBs, issued by the Reserve Bank of India (RBI), are government securities denominated in grams of gold. They are digital substitutes for holding physical gold. Investors pay the issue price in cash and the bonds will be redeemed in cash on maturity.
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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.
The sovereign gold bond scheme, that opened for subscription from today, will close on March 5. The issue price of the bond is the lowest in the last 10 months.
Gold Bond Scheme: The tenth tranche of the sovereign gold bond scheme, which opened for subscription on Monday, January 11, will be available for investing till Friday (January 15)