In Pic: Know last date to invest in Sovereign Gold Bond
Gold prices in the market have remained above Rs 50,000 per 10 grams for the past six months.
DNA Web Team
Jan 15, 2021, 07:36 PM IST
The 10th series (Tranche-X) of the government s sovereign gold bond scheme 2020-21 is closing on Friday (January 15). This scheme started on January 11. Gold prices in the market have remained above Rs 50,000 per 10 grams for the past six months.
Meanwhile, amid the COVID-19 vaccination hopes that is likely to put the ailing economy back on track and rupee appreciation, gold prices on Friday fell for the second day in Indian markets.
Sovereign gold bonds Series X issue: Should you invest?
The sovereign gold bond (SGB) scheme Series X offers gold at a price of Rs 5,054 per gram for investors using digital modes to pay. But is this the right time to buy gold?
Representative image
The tenth installment (series X) of the Sovereign Gold Bond (SGB) scheme for 2020-21 for subscription opened on Monday. The subscription will end on January 15, 2021. With the yellow metal trading flat on Tuesday at the bullion exchange at Rs 49,298 for 10 grams, investors are mulling on buying the gold through the mutual fund and SGB routes. So are SGBs a good investment option for investors?
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)
Issue Price
For the ninth tranche of gold bonds this financial year, an issue price of Rs 5,000 per unit is applicable. (Also Read: Here Is How Sovereign Gold Bond Price Is Calculated)
Important Dates
After the current instalment, which ends for subscription on Friday, January 1, the gold bond scheme will be available from January 11 to January 15, February 1 to February 5 and March 1 to March 5.
Discount
A discount of Rs 50 per unit is applicable for those investing in the Sovereign Gold Bonds online. That means the price of such investors will be Rs 4,950
Lock-In Period
The gold bonds come with a maturity period of eight years, with an option to exit after the first five years.