India launches latest tranche of Sovereign Gold Bonds 2020-21
- Date: 28-Feb-2021
- Source: Gulf Today
- Sector:Financial Markets
- Country:Middle East
India launches latest tranche of Sovereign Gold Bonds 2020-21
A woman looks at gold ornaments at a jewellery showroom in Kolkata. File/Reuters
The latest tranche of India's Sovereign Gold Bonds 2020-21 will be opened for a period from March 1 to 5, 2021. The issue price of the bond during the subscription period will be Rs4,662 per gramme.
The settlement date under the Series XII scheme had been fixed for March 9. The government in consultation with the Reserve Bank of India (RBI) has decided to allow discount of Rs50 per gramme 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 Rs4,612 per gramme of gold.
The new series of sovereign gold bonds (SGB) will open for subscription on Monday. Investors can invest in SGBs through their Demat accounts or via online banking. The country's top
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