The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22, has been fixed at Rs4,732 per gram of gold. The nominal value of the bond works out to Rs4,732 per gram of gold.
2021-22 Series 6 SGB will remain open for subscription from August 30 to September 3, 2021. The bond will be issued on September 7, 2021.
“In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated May 12, 2021, the Sovereign Gold Bond Scheme 2021-22 - Series VI will be open for subscription for the period from August 30 – September 03, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. August 25, August 26 and August 27, 2021, works out to Rs4,732 per gram of gold,” the RBI said in the filing on Friday.
“Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be Rs4,682 per gram of gold,” RBI added.
Meanwhile, the Sovereign Gold Bond Scheme was launched in November 2015 and its objective behind launching this scheme was to reduce the demand for physical gold.
A sovereign gold bond is an opportunity to buy gold, get regular cash flow and exemption from capital gains if held till maturity. This investment opportunity gives you a chance to earn from your gold investment.