Sovereign Gold Bonds 2021-22: Subscription For 3rd Tranche Ends Soon, Should You Buy?

Sovereign Gold Bond Scheme 2021-22: Subscribers can earn interest and avail additional returns on their investment in gold bonds, the current series of which is open till tomorrow - June 4

Sovereign Gold Bond 2021-22: The third tranche of the government-run sovereign gold bond scheme will close for subscription tomorrow, June 4, 2021. Gold bonds have become a preferred way for subscribers looking to invest in the yellow metal in a non-physical form amid the COVID-19 pandemic. Gold bonds, linked to the market price of gold, provide additional returns and are considered to be safer in view of being a government-run scheme, on behalf of the Reserve Bank of India (RBI). (Also Read: What Are Sovereign Gold Bonds? Here's All You Need To Know )After the present series, the gold bond scheme will be available for subscription with three more tranches. According to the Reserve Bank, an issue price of ₹ 4,889 per unit, equivalent to the value of one gram of gold, is applicable for the third tranche of the gold bond scheme 2021-22. The date of issuance for the third tranche is set as June 8, 2021.  The Reserve Bank stated that the nominal value of the gold bond based on the simple average closing price, published by the Mumbai-based India Bullion and Jewellers Association Limited or IBJA for gold of 999 purity of the last three working days of the week preceding the subscription period.