Buy gold at discounted price: RBI Gold Bond Scheme Series IX subscription opens on Monday
Zee News
RBI is all set to open the next tranche of Sovereign Gold Bond Scheme 2021-22 for subscriptions for five days.
New Delhi: The Reserve Bank of India (RBI) is all set to open the next tranche of Sovereign Gold Bond Scheme 2021-22 for subscriptions on Monday (January 10) for five days, RBI said on Friday (January 7). The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22 has been fixed at Rs 4,786 per gram, according to the RBI announcement. Investors can subscribe to the Sovereign Gold Bond Scheme 2021-22 - Series IX between January 10 to January 14, 2022.
The nominal value of the bond "works out to Rs 4,786 per gram of gold", the Reserve Bank of India said in a statement. Investors who will be investing in the Sovereign Gold Bond Scheme 2021-22 online will recieve a discount of Rs 50 per gram less than the nominal value to those investors applying online. The payment for the subscription should be completly online for recieving the benefit.
"For such investors, the issue price of a gold bond will be Rs 4,736 per gram of gold," the RBI said.
