The Sovereign Gold Bond scheme flares today, allowing you to buy gold bonds at a fixed interest of 2.5-percent twice a year. Read this article to know everything about gold bonds
The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram, the Reserve Bank of India said on Friday
The new series of Sovereign Gold Bonds 2020-21 will be opened for the period March 1-5, 2021
Though SGBs were launched in November 2015, almost 35 per cent of the amount mobilised is in the current financial year
The Sovereign Gold Bond Scheme 2020-21-Series IV will be opened for subscription for the period between July 6 and July 10
The Sovereign Gold Bond (SGB) Scheme 2019-20 - Series VI will close for subscription on the day of Dhanteras that is October 25
The government mobilised Rs 3,060 crore from five tranches
Government has raised Rs 919 crore through the fourth tranche
Gold bonds have a lock-in period which prevents an investor from capitalising on the intermittent gain
RBI and Sebi have recently cleared trading in the new instrument
The price of gold for the first issue in November was Rs 2,682 a gramme and for the second, in January, Rs 2,600 a gramme
The scheme aims at reducing demand for gold in physical form and buy the commodity in demat or the paper form