MUMBAI: The difficulty value for Sovereign Gold Bond Scheme 2021-22, which can open for subscription for 5 days from November 29, has been mounted at Rs 4,791 per gram of gold, the Reserve Financial institution of India mentioned on Friday.
The Sovereign Gold Bond Scheme 2021-22 – Collection VIII might be open for subscription from November 29 – December 03, 2021.
“The nominal worth of the bond…works out to Rs 4,791 per gram of gold,” the RBI mentioned.
Authorities of India, in session with the RBI, has additionally determined to supply a reduction of Rs 50 per gram on the nominal worth to these traders making use of on-line and the cost towards the applying is made by digital mode.
“For such traders, the problem value of Gold Bond might be Rs 4,741 per gram of gold,” it added.
The difficulty value of Collection VII was Rs 4,761 per gram of gold.
The RBI will problem the bonds on behalf of the federal government of India.
The bonds might be offered by banks (besides Small Finance Banks and Fee Banks), Inventory Holding Company of India Restricted (SHCIL), designated submit workplaces, and recognised inventory exchanges viz, Nationwide Inventory Trade of India Restricted and Bombay Inventory Trade Restricted.
The Scheme was launched in November 2015 with an goal to scale back the demand for bodily gold and shift part of the home financial savings — used for the acquisition of gold — into monetary financial savings.
Worth of bond is mounted in Indian Rupees on the premise of straightforward common of closing value of gold of 999 purity, printed by the India Bullion and Jewellers Affiliation Restricted for the final 3 working days of the week previous the subscription interval.
The bonds might be denominated in multiples of gram (s) of gold with a fundamental unit of 1 gram. The tenor of the bond might be for a interval of eight years with exit possibility after fifth 12 months to be exercised on the following curiosity cost dates.
Minimal permissible funding is 01 gram of gold. The utmost restrict of subscription is 4 KG for particular person, 4 kg for HUF and 20 kg for trusts and related entities per fiscal (April-March).
The Know-your-customer (KYC) norms would be the identical as that for buy of bodily gold.
The Sovereign Gold Bond Scheme 2021-22 – Collection VIII might be open for subscription from November 29 – December 03, 2021.
“The nominal worth of the bond…works out to Rs 4,791 per gram of gold,” the RBI mentioned.
Authorities of India, in session with the RBI, has additionally determined to supply a reduction of Rs 50 per gram on the nominal worth to these traders making use of on-line and the cost towards the applying is made by digital mode.
“For such traders, the problem value of Gold Bond might be Rs 4,741 per gram of gold,” it added.
The difficulty value of Collection VII was Rs 4,761 per gram of gold.
The RBI will problem the bonds on behalf of the federal government of India.
The bonds might be offered by banks (besides Small Finance Banks and Fee Banks), Inventory Holding Company of India Restricted (SHCIL), designated submit workplaces, and recognised inventory exchanges viz, Nationwide Inventory Trade of India Restricted and Bombay Inventory Trade Restricted.
The Scheme was launched in November 2015 with an goal to scale back the demand for bodily gold and shift part of the home financial savings — used for the acquisition of gold — into monetary financial savings.
Worth of bond is mounted in Indian Rupees on the premise of straightforward common of closing value of gold of 999 purity, printed by the India Bullion and Jewellers Affiliation Restricted for the final 3 working days of the week previous the subscription interval.
The bonds might be denominated in multiples of gram (s) of gold with a fundamental unit of 1 gram. The tenor of the bond might be for a interval of eight years with exit possibility after fifth 12 months to be exercised on the following curiosity cost dates.
Minimal permissible funding is 01 gram of gold. The utmost restrict of subscription is 4 KG for particular person, 4 kg for HUF and 20 kg for trusts and related entities per fiscal (April-March).
The Know-your-customer (KYC) norms would be the identical as that for buy of bodily gold.
Supply: Times of India