The Government of India has announced the issue price for the Sovereign Gold Bond Scheme 2021-22 (Series II), which will be open for subscription from May 24-28, 2021. The price is set at Rs 4,842 per gram. Investors applying online and making payments digitally will receive a discount of Rs 50 per gram, bringing their effective issue price down to Rs 4,792.
In terms of the Government of India Notification No.4(5)-B(W&M)/2021 dated May 12, 2021, Sovereign Gold Bonds 2021-22 (Series II) will be opened for the period May 24-28, 2021 with Settlement date June 01, 2021. The issue price of the Bond during the subscription period shall be Rs 4,842 (Rupees Four thousand eight hundred forty two only) – per gram, as also published by RBI in their Press Release dated May 21, 2021.
The Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs 4,792 (Rupees Four thousand Seven hundred Ninety two only) per gram of gold.
FAQ :
The issue price for Sovereign Gold Bonds 2021-22 (Series II) is Rs 4,842 per gram.
The subscription period is from May 24 to May 28, 2021.
Yes, a discount of Rs 50 per gram is available for investors who apply online and make payment through digital mode.
The effective issue price for online applicants paying digitally is Rs 4,792 per gram.
The issue price was published by the Reserve Bank of India (RBI) based on a Government of India notification.