Sovereign Gold Bond Scheme VIII: Buy gold at discounted price for 5 days, here’s how

RBI has fixed the issue price for Series VIII of Sovereign Gold Bond Scheme 2021-22 at Rs Rs 4,791 per gram of gold.

New Delhi: The Reserve Bank of India (RBI), on Friday (November 27), announced that it has fixed the issue price for Series VIII of Sovereign Gold Bond Scheme 2021-22 at Rs Rs 4,791 per gram of gold. 

The scheme will be open for subscription for five days starting from November 29. Investors planning to put their money on Sovereign Gold Bond Scheme can subscribe to the scheme from Monday (November 29) to Friday (December 3). 

"The nominal value of the bond...Works out to Rs 4,791 per gram of gold," the RBI said. For Series VII, the RBI had fixed the issue price at Rs 4,761 per gram of gold.