Fourth series of Sovereign Gold Bond Scheme will open on July 12

BusinessFourth series of Sovereign Gold Bond Scheme will open on July 12

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Fourth series of Sovereign Gold Bond Scheme will open on July 12

New Delhi: The sale of the fourth series of Sovereign Gold Bond Scheme 2021-22 will start from July 12 and will run till July 16. The issue price of this series has been fixed. RBI said on Friday that the price of gold per gram in this series will be Rs 4,807. If you apply online for the bond, you will get a discount of Rs 50 per gram. That is, the issue price of one gram of gold bond for such investors will be Rs 4,757.

The issue price of the third series of Sovereign Gold Bond Scheme 2021-22 was Rs 4889 per gram. It was opened for subscription between May 31 and June 4. The government had announced that it would bring six installments of Sovereign Gold Bond (SGB) between May 2021 and September 2021. RBI issues this bond on behalf of the government. Rs 25,702 crore was raised from the third series of Sovereign Gold Bonds till the end of March, 2021. RBI has launched 12 bond series worth Rs 16,049 crore (32.35 tonnes).

Sovereign Gold Bonds are purchased from all banks, Stock Holding Corporation of India (SHCIL), designated post offices, recognized stock exchanges, National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) except Small Finance Banks and Payment Banks can go.

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