You have only a few hours left to buy gold bonds in this tranche

If you opt to purchase online, you have merely 11 hours left to buy sovereign gold bonds — government securities denominated in gold — that Reserve Bank of India has floated along with Government of India and for the first trench May 21 is the last day of booking.

Another tranche is coming for five days this month only, know the dates

How to buy
One can buy these gold bonds from any of the scheduled commercial banks, except small finance banks and payment banks, Stock Holding Corporation of India, designated post offices and recognised stock exchanges — National Stock Exchange of India and the Bombay Stock Exchange.

The sale is going to close at 11 pm on May 21.

One can buy it online as well as through offline or physical mode.

Any Indian citizen above 10 years of age can buy these bonds subject to the availability of some basic documents.

Trusts, universities and charitable institutions are also eligible to buy SGBs.

Price band
This time the nominal value of the bond based on the simple average closing price works out to Rs 4,777 per gram of gold.

To those buying online, a price of Rs 4,727 per gram of gold will be applicable.

Tenure and return
Any individual can hold maximum of 4 kg gold through SGBs. But any trust or charitable organization can hold up to 20 kg.

The tenure of the bonds is for a period of 8 years with an exit option after the fifth year to be exercised on the next interest payment dates.

The interest on SGBs shall commence from the date of issue and shall be paid at a fixed rate of 2.50% per annum on the nominal value of the bond.

The interest shall be payable half-yearly and the last instalment of the interest shall be payable along with the principal on maturity.

Future offers
SGBs will again be offered on the following dates – May 24—28, May 31—June 4, July 12—16, August 9—13 and August 30—September 3 of this financial year.

The timing is between 8 am and 11pm on these days.