Make safe investments in the era of falling stock market, buy gold bonds, getting a chance from today; View Details
New Delhi:
Sovereign Gold Bond 2021-22 Scheme : Gold bond is a safe medium of investment. When there is uncertainty in the market, this option can be chosen for investment. good thing that Investing in Gold Bonds You are getting the opportunity to do (Gold Bond Investment) immediately. official Sovereign Gold Bond Scheme 2021-22 has opened from Monday i.e. from today. The eighth installment of this series will be open for investors for five days from November 29 to December 3. In this scheme run by the Reserve Bank of India (RBI), the bond will be issued on December 7, 2021. Let us inform that after this installment, two more installments of gold bonds are going to come in the current financial year.
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Explain that the Central Reserve Bank issues interest-linked bonds under the Sovereign Gold Bond Scheme, the price of which is determined by the price of gold in the market. Sovereign gold bond is also 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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what is issue price
In the eighth installment, this time for subscription, the issue price per unit of gold bond has been kept at Rs 4,791. The price per unit is equal to the cost of one gram of gold. The issue price will be equal to the average closing price of gold of 999 purity to be issued by the Bullion and Jewelery Association of India Limited (IBJA) in the last three business days of the last week of buying the bond.
Discount for Online Subscribers
Investors buying this bond online will be given a discount of Rs 50 per gram on online application and digital payment. The issue price for online investors has been kept at Rs 4,741 per gram. Minimum one gram of gold can be invested in the scheme.
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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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