Sovereign Gold Bond: The issue price has been fixed at ₹ 4,786 per unit in the ninth tranche
Sovereign Gold Bond 2021-22 Scheme: The ninth tranche of the government-run Sovereign Gold Bond Scheme 2021-22 opens for subscription on Monday, January 10, 2022. The ninth series will be open for investors from January 10 to January 14. A period of five days as per the schedule for the Gold Bond Scheme 2021-22 by the Reserve Bank of India (RBI). ,Read also:Gold Bond Series VII-X: Key Points to Know ,
An issue price of Rs 4,786 per unit, equivalent to the value of one gram of gold, is applicable for the ninth installment of the Gold Bond Scheme 2021-22. The date of release of installment has been fixed as January 18, 2022. After the current series, the Swarna Bond scheme will be available for one more tranche in the current financial year.
Gold bonds are linked to the market price of the precious metal. Interest-paying bonds are a popular means of purchasing the precious metal in its non-physical form. The investors will be compensated at a fixed rate of 2.50 per cent per annum payable half-yearly on the nominal value as per RBI.
Sovereign Gold Bond 2021-22 Series IX: January 10 – January 14; 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 4,786 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 central bank. For online customers, the issue price in the upcoming ninth tranche of Sovereign Gold Bond 2021-22 scheme has been fixed at Rs 4,73 per gram of gold.
What do experts say?
“Currently, gold prices are trading at a two-month low. Gold prices are down around 9000/10 grams from their all-time highs in 2020. The weakness is mainly on account of US Fed minutes which indicated a sharp increase as well as a reduction in bond purchases compared to earlier estimates.
Going forward, the pace at which global central banks will open up their monetary position, the movement of the US dollar will guide gold prices in 2022,” said Mr. Nish Bhatt, Founder and CEO, Millwood Cane International.
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