The Reserve Bank of India has announced the issue price for the Sovereign Gold Bonds Scheme 2021-22 (Series I). The bonds will be open for subscription from May 17th to May 21st, 2021, with a settlement date of May 25th. The standard issue price is set at £4,777 per gram of gold. However, investors applying online and making payments through digital means will receive a discount of £50 per gram, making their effective issue price £4,727 per gram.
In terms of Government of India Notification No.4(5)-B(WM)/2021 dated May 12, 2021, Sovereign Gold Bonds 2021-22 (Series I) will be opened for the period May 17-21, 2021 with Settlement date May 25, 2021. The issue price of the Bond during the subscription period shall be Rs 4,777 (Rupees Four thous
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FAQ :
The issue price for the Sovereign Gold Bond Scheme 2021-22 (Series I) is £4,777 per gram of gold.
The subscription period for the Sovereign Gold Bonds 2021-22 (Series I) is from May 17th to May 21st, 2021.
Yes, investors who apply online and make payment through a digital mode will receive a discount of £50 per gram.
For investors applying online with digital payment, the effective issue price is £4,727 per gram of gold.
The settlement date for the Sovereign Gold Bonds 2021-22 (Series I) is May 25th, 2021.