Sovereign Gold Bond Scheme 2021-22 (Series I) - Issue Price



Quick Summary
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(W&M)/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 thousand seven hundred Seventy seven only) – per gram, as also published by RBI in their Press Release dated May 14, 2021.

Sovereign Gold Bond Scheme 2021-22: Issue Price Revealed

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 4,727 (Rupees Four thousand Seven hundred twenty seven only) per gram of gold.

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.




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