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Sovereign Gold Bond: An opportunity to invest in gold bonds on Diwali, know here when and how you can buy paper gold


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. RBI runs this scheme without the government.

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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.

where can i buy

These bonds are from banks (except small finance banks and payments 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). Exchange) will be sold.

What will be the issue price

The Gold Rate for this Bond will be equal to the average closing price of 999 purity gold published by Bullion & Jewelery Association of India Limited for the last three working days of the week preceding the subscription period. Now understand simply, 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 same price as the closing price of 24 carat gold. You will be able to buy gold in bonds.

The tenure of the bond will be for eight years and there will also be an exit option 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.

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.

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