Sovereign Gold Bonds Series II 2021-2022 Opens For Subscription From Today

The second tranche of sovereign gold bonds scheme (Series II) for the present fiscal opened for subscription on Monday. The Reserve Bank of India has mounted situation value at Rs 4,842 per gram. The Government has determined to situation the bonds in six tranches from May 2021 to September 2021.

Investors who apply on-line and make fee on-line get a reduction of Rs 50 per 10 gram. For such traders, the problem value of gold bond will probably be Rs 4,792 per gram of gold.

While the second tranche of sovereign gold bonds opens at this time, the subscription will probably be accessible until May 28, 2021.

The assertion launched on May 21 by the Ministry of Finance had stated that “Sovereign Gold Bonds 2021-22 (Series II) will probably be opened for the interval May 24-28, 2021 with Settlement date June 1, 2021″.

The nominal worth of the bond based mostly on the straightforward common closing value (as revealed by the India Bullion and Jewellers Association Ltd) for gold of 999 purity of the final three enterprise days of the week previous the subscription interval, i.e. May 19, May 20 and May 21, 2021, works out to Rs 4,842 per gram of gold, the RBI stated on May 21.