Highlights
An investor has to buy at least one gram of gold during the subscription window.
An individual investor can buy a maximum of 4 Kg gold.
New Delhi: The Reserve Bank of India (RBI) is opening the fourth tranche of Sovereign Gold Bond Scheme 2021 for subscriptions on Monday (July 12) for five days. Investors planning to invest in gold can choose the option of the sovereign bond, as it is usually more affordable than current rates. RBI has fixed the issue price at Rs 4,807 per gram for the latest Sovereign Gold Bond offering.
In an official announcement, RBI said, “The nominal value of the bond based on the simple average closing price (published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period July 07, July 08 and July 09, 2021, works out to Rs 4,807/- per gram of gold.”
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.
Read more about Sovereign gold bonds sales fetch Rs 25,702 crore till March end on Business Standard. A total of Rs 25,702 crore has been raised through the Sovereign Gold Bond (SGB) Scheme since its inception till end-March, according to the RBI annual report released on Thursday.The scheme was launched in November 2015 with an objective to reduce