Sovereign Gold Bond 2021-22 Scheme: The second tranche of the sovereign gold bond scheme 2021-22 opens for subscription on Monday, May 24, 2021. According to the Reserve Bank of India’s schedule set for the gold bond scheme 2021-22, the second tranche window will be open for investors between May 24 – May 28. In a statement on Friday, May 21, the Ministry of Finance, in consultation with the central bank, announced the issue price of gold bonds which will be available in the second tranche of the scheme.
The Sovereign Gold Bonds 2021-22 (Series I) had opened on May 17 and closes on May 21, 2021, with Settlement date May 25, 2021. The issue price of the Series I Bond was Rs 4,777 and Rs 4,727 for online buyers. The issue price of Sovereign Gold Bonds 2021-22 Series II is Rs 65 per 10 gram higher than Series I.
According to the RBI, an issue price of ₹ 48,42 per unit, equivalent to the value of one gram of gold, is applicable for the second installment of the gold bond scheme 2021-22. The date of issuance for the second tranche is set as June 1, 2021. The issue price set for each tranche is calculated using a simple average of the prices given by Mumbai-based India Bullion and Jewellers Association (IBJA), an industry body.
The government in consultation with the Reserve Bank of India has decided to allow a discount of Rs 50 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 4,792 per gram of gold.
Discount For Online Subscribers
CommentsFor those who are investing in the gold bonds scheme online, in which the payment is made through any of the digital modes, a discount of ₹ 50 per unit is applicable, according to the Reserve Bank of India. For the online subscribers, the issue price is set at ₹ 4,792 per gram of gold in the second tranche of sovereign gold bonds 2021-22 scheme.