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How To Invest In Gold | Investing in Gold For Beginners 2021

How To Invest In Gold | Investing in Gold For Beginners 2021
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RBI's Sovereign Gold Bond Opens For Subscription Today


RBI s Sovereign Gold bond opens for subscription today
The RBI issued 10 tranches of sovereign gold bonds for an aggregate amount of Rs 2,316.37 crore (6.13 tonnes) during 2019-20.
December 30, 2020 / 12:11 PM IST
The Sovereign Gold Bond Scheme 2020-21 – Series IX will be open for subscription today, December 28 till January 1, 2021. The issue price for the latest tranche of gold bonds has been fixed at Rs 5,000, though a discount of Rs 50 per gram on the nominal value will be offered to investors applying online and making the payment against the application through digital mode, the Reserve Bank of India had said.
The value of the bond is based on the simple average closing price (published by the India Bullion and Jewellers Association Ltd) for gold of 999 purity of the last three business days of the week preceding the subscription period, that is, December 22-24. ....

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