Gold Bonds Scheme's 8th Tranche Opens On Monday: Check Issue Price

Sovereign Gold Bond 2021-22 Scheme: According to the RBI, an issue price of Rs 4,791 per unit, equivalent to the value of one gram of gold, is applicable for the eighth installment

Sovereign Gold Bond 2021-22 Scheme: The eighth tranche of the government-run sovereign gold bond scheme 2021-22 opens for subscription on Monday, November 29, 2021. The eighth series will be open for investors between November 29 - December 3 - 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). (Also Read: Gold Bond Series VII-X: Key Things To Know )

An issue price of Rs 4,791 per unit, equivalent to the value of one gram of gold, is applicable for the eighth installment of the gold bond scheme 2021-22. The date of issuance for the tranche is set as December 7, 2021. After the current series, the gold bond scheme will be available for subscription in two more tranches in the current fiscal.

The interest-paying gold bonds are a popular means to purchase the yellow metal in a non-physical form. Gold bonds are considered to be a safe bet for investment and are linked to the market price of the precious metal.