INSUBCONTINENT EXCLUSIVE:
Sovereign Gold Bonds are available at an issue price of ? 4,807 per unitSovereign Gold Bond 2021-22: The fourth tranche of the
government-run sovereign gold bond scheme will close for subscription tomorrow, July 16, 2021
Amid the COVID-19 pandemic, gold bonds have become a preferred way for subscribers looking to invest in the yellow metal in a non-physical
Being a government-run scheme on behalf of the Reserve Bank of India (RBI), gold bonds are considered to be safer for investment and are
linked to the market price of the precious metal
for subscription with two more tranches
According to the RBI, an issue price of Rs 4,807 per unit, equivalent to the value of one gram of gold, is applicable for the fourth
installment of the gold bond scheme 2021-22
The investment in non-physical gold, via digital or paper gold, is picking up pace
The high interest is on account of the recent firmness in the prices of Gold in the past few weeks.The government on its part has been
continuously trying to move investment in Gold from physical to digital/ paper gold to keep a check on the currency and larger fiscal
Investment in SGB is a superior alternative to physical gold
an up move for the past 3 weeks as US Treasury yields dropped to a four-month low due to concerns related to the virus
The next big trigger for gold prices will be the Fed meeting later this month, rising inflation in the US is a cause of concern and any
change in the stance on interest rates or liquidity by the Fed will have its impact on the pricesThe latest variant of the virus has created
uncertainties, rise in the number of cases
Moving forward the ability to control the virus by large countries, the pace of vaccination, global economic recovery, and the rising
payment through any of the digital modes
issue price decided?The nominal value of the gold bond is based on the simple average closing price, published by the Mumbai-based India
Bullion and Jewellers Association Limited (IBJA) for gold of 999 purity of the last three working days of the week preceding the
subscription period, according to the RBI
This means that the issue price for each tranche is calculated using a simple average of the prices given by the industry body IBJA.How To
