Sovereign Gold Bonds will likely be accessible at a problem worth of Rs 4,777 per unit
The authorities’s Sovereign Gold Bonds Scheme 2021-22, which will likely be issued in six trances on this monetary 12 months, opened for subscription with its first tranche on Monday, May 17. The subscription for the primary tranche will shut on May 21, 2021, remaining open for traders for a interval of 5 days, based on the Ministry of Finance. The Reserve Bank of India points the interest-paying bonds linked to the market worth of the yellow steel, as a part of the sovereign gold bond scheme. (Also Read: Sovereign Gold Bonds 2021-22: Subscription For First Tranche Starts On May 17 )
The Sovereign Gold Bond Scheme was launched in 2015 together with the Gold Monetisation Scheme and gives gold-linked returns. According to wealth planners, gold bonds are a safer and efficient solution to put money into non-physical gold.
Here are key issues to know concerning the Sovereign Gold Bond (SGB) scheme:
Important Dates
| Tranche | Date of Subscription | Date of Issuance |
|---|---|---|
| 2021-22 Series I | May 17-21, 2021 | May 25, 2021 |
| 2021-22 Series II | May 24-28, 2021 | June 1, 2021 |
| 2021-22 Series III | May 31-June 4, 2021 | June 8, 2021 |
| 2021-22 Series IV | June 12-16, 2021 | June 20, 2021 |
| 2021-22 Series V | August 9-13, 2021 | August 17, 2021 |
| 2021-22 Series VI | August 30-September 3 2021 | September 7, 2021 |
| Source: Ministry of Finance | ||
Issue Price
For the primary tranche of the gold bond scheme 2021-22, a problem worth of Rs 4,777 per unit, equal to the worth of 1 gram of gold is relevant, based on the Reserve Bank. The price is arrived at on the idea of the spot costs supplied by the Mumbai-based India Bullion and Jewellers Association (IBJA).
