Sovereign Gold Bond Scheme: Amidst the ongoing war between Russia and Ukraine, the price of gold continues to fluctuate.Â
But in the meantime, if you are planning to invest in gold, then you have a great opportunity. The issue price for the Government Gold Bond Scheme 2021-22 has been fixed at Rs 5,109 per gram.
Sovereign Gold Bond Scheme: Amidst the ongoing war between Russia and Ukraine, the price of gold continues to fluctuate. But in the meantime, if you are planning to invest in gold, then you have a great opportunity.
The issue price for the Government Gold Bond Scheme 2021-22 has been fixed at Rs 5,109 per gram. Investors willing to invest in this can apply from February 28.
10th installment will open after a day
In the information given by the Reserve Bank of India (RBI) on Friday, it was told that the 10th installment of the Gold Bond Scheme for the year 2021-22 will open for subscription on February 28. You can apply in this scheme till March 4. For this, there is a provision of special exemption for those who apply online.
What did RBI say?
RBI said, ‘The base price of the gold bond will be Rs 5,109 per gram.’ There is a special discount offer for those who submit the application online. Under this offer, investors applying online after consultation with RBI will get a discount of Rs 50 per gram.
That is, after that this rate will come down to Rs 5,059 per gram. For this, the investor will have to make payment through digital medium. The issue price of the gold bond will be Rs 5,059 per gram for investors making online payments as stated by RBI.
Where to buy Gold Bond?
Under this scheme, RBI will issue bonds on behalf of the Government of India. According to the central bank, the bonds will be sold through Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges like NSE and BSE. Earlier, the ninth installment of 2021-22 was open from January 10 to 14.
