Sovereign Gold Bond Scheme: It is priced at Rs 4,790 per gram; a discount of Rs 50 per gram will be offered if applied online.
The tenure of the bond is for a period of 8 years with an exit option after the fifth year to be exercised on the next interest payment dates
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.
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
He said SGB is one of the best options if an investor is looking to invest in the yellow metal
One can buy these gold bonds from scheduled commercial banks, except small finance banks and payment banks, Stock Holding Corporation of India, design
Another tranche is coming for five days this month only, know the dates
If you somehow miss the current tranche, you can buy from one of the five more tranches to invest in sovereign gold bonds
Investors must keep in mind that all gold-linked investment avenues may not provide the same level of liquidity such as physical gold