Gold Bonds Scheme's 4th Tranche Opens On July 12: Check Issue Price

Sovereign Gold Bond 2021-22 Scheme: According to the RBI, an issue price of Rs 4,807 per unit, equivalent to the value of one gram of gold, is applicable in the second tranche

Sovereign Gold Bond 2021-22 Scheme: The fourth tranche of the government-run sovereign gold bond scheme 2021-22 opens for subscription on Monday, July 12, 2021. According to the schedule set for the gold bond scheme, 2021-22 by the Reserve Bank of India (RBI), the fourth tranche window will be open for investors between July 12 - July 16 - for a period of five days. (Also Read: What Are Sovereign Gold Bonds? Here's All You Need To Know ) According to the RBI, an issue price of Rs 4,807 per unit, equivalent to the value of one gram of gold, is applicable for the second installment of the gold bond scheme 2021-22. The date of issuance for the fourth tranche is set as July 20, 2021. The issue price decided for each tranche is calculated using a simple average of the prices given by Mumbai-based India Bullion and Jewellers Association (IBJA), an industry body. Gold bonds - linked to the market price of the yellow metal, have become a popular option to purchase gold in a non-physical form. Amid the COVID-19 crisis, the gold bond scheme provides a suitable solution for subscribers to invest in digital gold, as it also offers additional returns on investment.