Sovereign Gold Bonds will be readily available at a problem cost of Rs 4,777 per unitThe government's Sovereign Gold Bonds Scheme 2021-22, which will be provided in six trances in this financial year, opened for subscription with its first tranche on Monday, May 17.
The membership for the first tranche will close on May 21, 2021, staying open for financiers for a duration of five days, according to the Ministry of Financing.
The Reserve Bank of India concerns the interest-paying bonds connected to the marketplace price of the yellow metal, as part of the sovereign gold bond scheme.
(Also Read: Sovereign Gold Bonds 2021-22: Subscription For Very First Tranche Starts On May 17 )The Sovereign Gold Bond Plan was introduced in 2015 along with the Gold Monetisation Scheme and supplies gold-linked returns.
According to wealth coordinators, gold bonds are a more secure and effective method to purchase non-physical gold.Important DatesTrancheDate of SubscriptionDate of Issuance2021-22 Series IMay 17-21, 2021May 25, 20212021-22 Series IIMay 24-28, 2021June 1, 20212021-22 Series IIIMay 31-June 4, 2021June 8, 20212021-22 Series IVJune 12-16, 2021June 20, 20212021-22 Series VAugust 9-13, 2021August 17, 20212021-22 Series VIAugust 30-September 3 2021September 7, 2021Source: Ministry of FinanceIssue PriceFor the first tranche of the gold bond plan 2021-22, a concern cost of Rs 4,777 per system, comparable to the value of one gram of gold is applicable, according to the Reserve Bank.
The rate is gotten to on the basis of the area costs provided by the Mumbai-based India Bullion and Jewellers Association (IBJA).
DiscountA discount of Rs 50 per unit applies for all those investing in the gold bonds online, and the payment against the application is made through a digital modes.
For such investors, the issue cost of the gold price will be Rs 4,727 per gram of gold.
(Likewise Check Out: Here Is How Sovereign Gold Bond Rate Is Computed)How To InvestThe sovereign gold bonds are offered through designated post workplaces, the recognised stock exchanges - Bombay Stock Market Limited and National Stock Market of India, and the Stock Holding Corporation of India Limited.
The gold bonds are held in the RBI books or in a demat kind.
Qualified InvestorsThe gold bond scheme is open to resident people, Hindu Undivided Families or HUFs, trusts, universities, and charitable institutions.