Gold Bonds Scheme's 5th Tranche Opens On August 9: Check Issue Price
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Sovereign Gold Bond 2021-22 Scheme: According to the RBI, an issue price of Rs 4,790 per unit, equivalent to the value of one gram of gold, is applicable for the fifth installment of the gold bond scheme 2021-22.
Sovereign Gold Bond 2021-22 Scheme: The fifth tranche of the government-run sovereign gold bond scheme 2021-22 opens for subscription on Monday, August 9, 2021. The fifth tranche window will be open for investors between August 9 - August 13 - for a period of five days, according to the schedule set for the gold bond scheme 2021-22 by the Reserve Bank of India (RBI). The interest-paying gold bonds are a popular means to purchase the yellow metal in a non-physical form. (Also Read: What Are Sovereign Gold Bonds? Here's All You Need To Know ) According to the RBI, an issue price of Rs 4,790 per unit, equivalent to the value of one gram of gold, is applicable for the fifth installment of the gold bond scheme 2021-22. The date of issuance for the fifth tranche is set as August 17, 2021. The issue price decided for each tranche is calculated using an average of the prices given by the Mumbai-based India Bullion and Jewellers Association (IBJA) - an industry body. After the current series, the gold bond scheme will be available for subscription for one more time. Gold bonds are linked to the market price of the yellow metal and also offer additional returns on investment. Resident individuals, Hindu Undivided Families trusts, universities, and charitable institutions can invest in the government-run gold bond scheme.More Related News