RBI fixes gold bond price at Rs 5,109 per gram

Sovereign Gold Bond Scheme: The issue price for the Government Gold Bond Scheme 2021-22 has been fixed at Rs 5,109 per gram. Application for investment in this can be given from Monday. The Reserve Bank of India (RBI) on Friday said that the tenth installment of the Gold Bond Scheme 2021-22 will be open for subscription from February 28 to March 4. The central bank said in a statement on Friday, ‘The base price of the gold bond will be Rs 5,109 per gram.

It has been decided to give a discount of Rs 50 per gram to the investors applying online. For these they will have to pay through digital medium. The issue price of the Gold Bond will be Rs 5,059 per gram for investors making online payments, RBI said.

The ninth installment of the Gold Bond Scheme 2021-22 was open for subscription from January 10 to 14 and the issue price was Rs 4,786 per gram of gold during this period. The Reserve Bank of India will issue the bond on behalf of the Government of India. According to the central bank, these bonds will be sold through Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges like NSE and BSE.

Under the scheme, common investors can invest a minimum of one gram of gold and a maximum of four kilograms of gold. Hindu undivided families can apply for 4 kg and trusts and similar units can apply for 20 kg in every financial year.

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