SGBs have been a significant success, with the government raising over Rs 32,000 crores since its inception in 2015.
The issue price has been fixed at Rs 4,765 per gram of gold
The subscription period for 2021-22 Series-VII will be of 5 days starting today
SGB: Six tranches of the gold bonds were issued between May and September, 2021.
Sovereign Gold Bonds are substitutes for holding physical gold. The RBI issues these bonds on behalf of the government periodically.
The issue price for the sovereign gold bond scheme IV has been fixed at Rs 4,807 per gram of gold.
The Reserve Bank had issued 12 tranches of SGB for an aggregate amount of Rs 16,049 crore (32.35 tonnes) during 2020-21.
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The redemption price for the early redemption of SGB Tranche I, issued in November 2015, will be Rs 4,837 per unit of SGB, RBI said
On MCX, gold rose 0.24% to over a four-month high of Rs 48,519 per 10 gram as weaker US dollar and growing inflationary pressures continue to support