Highlights

  • There will be a Rs 50 discount for those bidding online for the gold bond scheme
  • The interest-paying bonds are a popular means to purchase the precious metal

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Sovereign Gold Bond Scheme opens: Here is all you need to know including how to get a discount on gold

According to the RBI, an issue price of ₹ 4,786 per unit, equivalent to the value of one gram of gold is applicable. 

Sovereign Gold Bond Scheme: Subscription for the Sovereign Gold Bond Scheme by the Reserve Bank of India(RBI) is open for five days from January 10 to January 14.

What is the price?

Investors can bid for a minimum of 1 gm of gold at Rs 4,786 against Rs 4,791 per gram for the previous tranche.

Cheaper if you apply digitally

There is a discount of Rs 50 per gram to those investors applying online and the payment against the application is made through digital mode. For such investors the issue price of Gold Bond will be Rs 4,736 per gram of gold.

Who and how much can you invest?

Minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kg for individual, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal (April-March).

Also watch: Budget 2022: Election Commission says election schedule not to effect Union Budget

How can you invest?

The sovereign gold bonds are sold through banks, designated post offices, recognised stock exchanges - Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), and the Stock Holding Corporation of India Limited. Gold bonds are held in demat form.

Is there an exit option?

The tenor of the Bond will be for a period of 8 years with exit option after the 5th year to be exercised on the next interest payment dates.

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