'Gold Bond' VIII to be issued at Rs 4,791 per gram

26-11-2021 Fri 23:07 IST | IANS | Business
'Gold Bond' VIII to be issued at Rs 4,791 per gram

New Delhi, Nov 26:  The issue price for Sovereign Gold Bonds' next series has been fixed at Rs 4,791 per gram of gold.

According to the Ministry of Finance, the Sovereign Gold Bond Scheme 2021-22 (Series VIII) will be opened for subscription during the period November 29 to December 3 with settlement date on December 7.

"The Government of India 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," it said.

"For such investors the issue price of Gold Bond will be Rs 4,741 per gram of gold."

The SGBs are government securities denominated in grams of gold. Besides, they are substitutes for holding physical gold. Under the scheme, investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.

The bond is issued by the Reserve Bank on behalf of the government.


More News
KL Rahul to open for India in SA ODIs in Rohit's absence
13 minutes ago
Controversial AP minister to attend 'Bangarraju' success bash
1 hour ago
For 2nd year in a row, no Chief Guest at R-Day parade
1 hour ago
Telangana for reducing interval between second, precautionary doses
1 hour ago
4 Maoists gunned down on Telangana-Chhattisgarh border
2 hours ago
R-Day celebrations begin from Jan 23, visitor numbers curtailed
2 hours ago
Taliban policies turning Afghan women into virtual prisoners in their homes
2 hours ago
Ram Gopal Varma on celeb divorces: 'Nothing murders love faster than marriage'
2 hours ago
K.V. Vijayendra Prasad to pen story, screenplay for Sri Vaari Films' third production
3 hours ago
Shikhar Dhawan plays flute, Prithvi Shaw raps on 'The Kapil Sharma Show'
3 hours ago
Meta appoints e-com director for India market
4 hours ago
Tributes paid to NTR on his death anniversary
4 hours ago
Coffee Day Enterprises stock up by 70% in 7 days
4 hours ago
Moto Tab G70 LTE with MediaTek Helio G90T SoC launched in India
4 hours ago
Keerthy Suresh recovers from Covid
4 hours ago
Too soon to say Omicron will end pandemic: Fauci
4 hours ago
Get data on starvation deaths, frame model scheme for community kitchens: SC to Centre
4 hours ago
Trivikram, Mahesh Babu's '#SSMB28' to go on floors soon
5 hours ago
Chandrababu Naidu tests positive for Covid
5 hours ago
BHU scientists find cure for chronic wounds
7 hours ago