Sovereign Gold Bond: The issue price has been fixed at ₹ 4,791 per unit in the eighth tranche
Sovereign Gold Bond 2021-22 Scheme: The eighth tranche of the government-run Sovereign Gold Bond Scheme 2021-22 opens for subscription on Monday, November 29, 2021. The eighth series will be open to investors for a period of five days between November 29 and December 3. Schedule for the Gold Bond Scheme 2021-22 by Reserve Bank of India (RBI). ,Read also: Gold Bond Series VII-X: Key Points to Know ,
An issue price of Rs 4,791 per unit, equivalent to the value of one gram of gold, is applicable for the eighth installment of the Gold Bond Scheme 2021-22. The installment release date has been fixed as December 7, 2021. After the current series, the Gold Bond scheme will be available for subscription in two more phases in the current financial year.
Interest-paying gold bonds are a popular means of buying the yellow metal in its non-physical form. Gold bonds are considered a safe bet for investment and are linked to the market value of the precious metal.
Sovereign Gold Bond 2021-22 Series VIII: 29 November to 3 December; what you need to know
issue price
For the Gold Bond Scheme 2021-22 Series VIII, the central bank has fixed an issue price of Rs 4,791 per unit – which is equivalent to the value of one gram of gold.
The issue price of each tranche will be decided in rupees by the Mumbai-based India Bullion and Jewelers Association (IBJA) based on the simple average of the closing price of 999 purity gold for the last three working days. The week before the subscription period.
discount for online customers
For all customers who wish to invest in an online gold bond scheme – in which payment is made through any digital mode, a discount of Rs 50 per unit is applicable, according to the Reserve Bank of India. For online customers, the issue price in the upcoming eighth tranche of Sovereign Gold Bond 2021-22 scheme has been fixed at Rs 4,741 per gram of gold.
What do experts say?
“Anxieties around a new type of virus have raised new concerns, which have softened the dollar, driving up gold prices. But improving economic outlook, inflation levels across the globe, possible rate hikes to control inflation are likely to put pressure on gold.
Going forward, the US Fed meeting in December, rates, economic data and possible guidance on dollar volatility will guide gold prices in the near to medium term,” said Mr. Nish Bhatt, Founder and CEO, Millwood. Cane International.
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