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23/10/2021 02:31pm

Sovereign Gold Bonds (2021-22) to open from 25-29 Oct

image Sovereign Gold Bonds (2021-22) to open from 25-29 Oct

New Delhi, 23 Oct (KNN) As per the Government of India Notification No.4(5)-B(W&M)/2021 dated October 21, 2021, Sovereign Gold Bonds 2021-22 (Series VII) will be opened for subscription from 25th to 29th, 2021 with Settlement date 2nd  November, 2021.

The Reserve Bank of India (RBI) published yesterdaty that issue price of the Bond during the subscription period shall be INR 4,765 (Rupees Four thousand Seven hundred sixty five only) – per gram.

Government of India in consultation with the Reserve Bank of India has decided to allow discount of INR 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 INR 4,715 (Rupees Four thousand seven hundred fifteen only) per gram of gold.

The India Bullion and Jewellers Association Ltd (IBJA)] published thee nominal value of the bond based on the simple average closing price [published by or gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. October 20, October 21 and October 22, 2021 works out to INR 4,761/- (Rupees Four thousand seven hundred and sixty-one only) per gram of gold.

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