Sovereign Gold Bonds 2021-22: Subscription For 2nd Tranche Ends Soon, Should You Buy?

Sovereign Gold Bond Scheme 2021-22: Subscribers can earn interest and get assured returns on their investment in gold bonds, the current series of which is open till tomorrow - May 28

Sovereign Gold Bond 2021-22: The second tranche of the ongoing government-run sovereign gold bond scheme will close for subscription tomorrow, May 28, 2021. Amid the COVID-19 pandemic, gold bonds have come as safe haven for subscribers looking to invest in the yellow metal in a non-physical form. Gold bonds offer additional returns and are linked to the market price of gold. Yesterday, gold futures traded higher and the yellow metal rallied to smash the Rs 49,000 mark, achieving a four-month high mostly driven by a fall in US Treasury yields and softer American currency. (Also Read: Second Tranche Of Gold Bonds Scheme Opens On May 24: Check Issue Price ) Under the digital gold category, sovereign gold bonds are preferred more by investors as they are issued by the government, on behalf of the Reserve Bank of India. After the present series, the gold bond scheme will be available for subscription with four more tranches. According to the central bank, an issue price of ₹ 4,842 per unit, equivalent to the value of one gram of gold, is applicable for the second tranche of the gold bond scheme 2021-22. The date of issuance for the second tranche is set as June 1, 2021.