Sovereign Gold Bond Scheme 2021-22 Series IX - Issue Price. ₹4,786/- Or ₹4,736/-

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Sovereign Gold Bond Scheme 2021-22 Series IX - Issue Price. ₹4,786/- Or ₹4,736/-

           

So, what is your choice. ₹4,786/- Or ₹4,736/-.  The final decision is yours only.



In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated October 21, 2021, the Sovereign Gold Bond Scheme 2021-22 - Series IX will be open for subscription for the period from January 10, 2022 – January 14, 2022.

The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. January 05, January 06 and January 07, 2022 works out to ₹/-4,786/- (Rupees Four thousand seven hundred and eighty-six only) per gram of gold.

Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹/-50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.

For such investors, the issue price of Gold Bond will be ₹/-4,736/- (Rupees Four thousand seven hundred and thirty-six only) per gram of gold.

Issue Opening Date: January 10, 2022

Issue Closing Date: January 14, 2022

Number of Days issue is open: 5

Issuance Date: January 17, 2022

As there is no Issue Limit, investors to maximise returns, should apply on the last working day Less 1 i.e January 13, 2022

The interest will start from the issuance date i.e, irrespective of the application date.

Hence, the investors can earn SB interest from 1 to 1 instead of blocking funds in SGB

There are number of channels through which Investors can apply for the SGBs.

All Banks Apps, Stock Trading Apps have this subscription feature.

Hence, nothing to worry.

IBJA closing Gold Rates per gram –

Purity – 99.99%

3 previous days

January 05, 2022 – INR4,815/-

January 06, 2022 - INR4,783/-

January 07, 2022 – INR4,758/-

3 Days Average - INR4,815/- + INR4,783/- + INR4,758/- = INR14,356 / 3 = INR4,786/-  

 

Interesting to Read:

National Stock Exchange Action @ https://www1.nseindia.com/live_market/dynaContent/live_watch/equities_stock_watch.htm?cat=SGB

Reserve Bank of India SOVEREIGN GOLD BONDS Micro Site @ https://rbi.org.in/Scripts/BS_SwarnaBharat.aspx

 

 

 

 

 

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