Gold bond issue price fixed at Rs 4,732/gm
The next tranche of the scheme will be open for subscription for five days from August 30
The Reserve Bank of India on Friday said that the issue price for the next tranche of sovereign gold bond scheme 2021-22 has been fixed at Rs 4,732 per gram of gold. The next tranche of the scheme will be open for subscription for five days from August 30.
“The nominal value of the bond…works out to Rs 4,732 per gram of gold,” the central bank said. “For such investors, the issue price of Gold Bond will be Rs 4,682 per gram of gold,” the RBI added.
Earlier, the Centre announced the issuance of the sovereign gold bond (SGB) in six tranches from May 2021 to September 2021.
A total of Rs 25,702 crore has been raised through the SGB Scheme since its inception till end-March, 2021. RBI issued 12 tranches of SGB for an aggregate amount of Rs 16,049 crore (32.35 tonnes) during 2020-21.
The minimum permissible investment is 1 gram of gold and the maximum limit of subscription is 4 kg for individuals, 4 kg for HUFs and 20 kg for trusts and similar entities per fiscal (April-March).