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Gold Bond Price: Gold bond is being issued from today, know at what price you will be able to buy 1 gram of gold


That is, you are getting an opportunity to invest in paper gold for five days for investors before Diwali. Sovereign gold bond is called paper gold because it is a kind of document in which you invest. Its prices are fixed according to the market of physical gold. It is different from physical gold because in this you do not have to worry about storage and security, while you get returns on it according to the prices of physical gold.

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where can i buy

These bonds are available to banks (except small finance banks and payment banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIS), designated post offices and recognized stock exchanges (National Stock Exchange of India and Bombay stock exchange).

What will be the issue price

For this sixth installment gold bond, the Reserve Bank has fixed a price of Rs 4,765 per unit i.e. per gram. The Gold Rate for Government Bonds is equal to the average closing price of 999 purity gold issued by the Bullion and Jewelery Association of India Limited (IBJA) for the last three working days of the week preceding the membership period. Will happen. That is, on the day you buy the bond, the price of gold in the last three trading days of the last week, that is, the gold prices issued by IBJA, will have the closing price of 999 purity gold, at the same price you will buy gold in the bond. Will be able to buy The bond will have a tenure of eight years and you will also get the option to close it after the fifth year.

who can invest

Under this scheme, Gold Bond can be purchased by any trust, Hindu Undivided Family, Charity Institution, University and any person residing in India individually or in the name of a minor or jointly.

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will get discount

Investors investing in this bond will be given a discount of Rs 50 per gram on online application and payment made digitally and will also get additional return in the form of interest on investing in this scheme. Minimum one gram of gold can be invested in the scheme.

When will the next bonds be issued?

Explain that under the 2021-22 series of gold bonds, the bonds will be issued in four phases between October 2021 and March 2022. Under this series, bonds have been issued in six tranches from May 2021 to September 2021. The Finance Ministry said in a statement that the subscription period for the 2021-22 Series-8 will be from October 25 to October 29 and the bonds will be issued on November 2.

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