RBI announces the issue of the sixth series of the Sovereign Gold Bonds (SGBs) scheme 2021-22. The subscription for gold bonds opens for the public from August 30, 2021, and will close on September 03. 2021.
The issue price per gram of gold is Rs.4,682 for those investors applying online and the payment against the application is made through digital mode. The issue price for offline subscribers is Rs.4732 per one gram of gold.
The bond price per gram of gold is fixed in Indian rupees on the basis of simple average the closing price for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. August 25, August 26, and August 27, 2021, works out to ₹4,732/- (Rupees Four thousand seven hundred and thirty-two only) per gram of gold.
The bond price per gram of gold is fixed in Indian rupees on the basis of a simple average the closing price for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. August 25, August 26, and August 27, 2021, works out to ₹4,732/- (Rupees Four thousand seven hundred and thirty-two only) per gram of gold.
The bonds issued will be denominated in multiples of gram (s) of gold with a basic unit of 1 gram. The tenor of the bond will be for 8 years with an exit option after the 5th year to be exercised on the next interest payment dates. The minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kilograms for individuals, 4 kilograms for HUF, and 20 kilograms for trusts and similar entities per fiscal (April-March).
The bonds will be sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and National Stock Exchange and BSE. To know how to subscribe for Sovereign Gold Bonds click: guidelines
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