Sovereign Gold Bonds To Open For Subscription Tomorrow: All You Need To Know


Sovereign Gold Bonds might be out there at a difficulty value of Rs 4,662 per unit

Sovereign Gold Bond: The 12th and final sequence of the federal government’s Sovereign Gold Bond (SGB) scheme 2020-21 will open for subscription on Monday, March 1, for a interval of 5 days until Friday (March 5). As a part of the gold bond scheme, the Reserve Bank of India (RBI) points interest-paying bonds linked to the market value of the yellow metallic. The gold bonds had been issued in sequence of six tranches, ranging from October 2020. For the 12th installment of the gold bond scheme, a difficulty value of Rs 4,662 per unit, equal to the worth of 1 gram of gold, is relevant, in keeping with the RBI . (Also Read: Budget 2021: Section 47 Of I-T Act Must Be Amended With Respect To Gold Bonds Scheme )

Here are some key particulars concerning the government-run Sovereign Gold Bond scheme: 

Issue Price

Each gold bond (equal to at least one gram of gold) is priced at Rs 4,662 beneath the 12th tranche, in keeping with the central financial institution The charge is set on the idea of the spot costs offered by the Mumbai-based India Bullion and Jewellers Association (IBJA).  

Important Dates

The e12th tranche of the gold bond scheme will open for subscription on Monday, March 1, and might be out there for investing until Friday, March 5, 2021


According to the RBI, a low cost of Rs 50 per unit is relevant for all these investing within the gold bonds on-line, and the fee in opposition to the applying is made by any of the digital modes. For such traders, the problem value of the gold value might be Rs 4,612 per gram of gold. (Also Read:Here Is How Sovereign Gold Bond Price Is Calculated)

Eligible Investors

The authorities’s gold bond scheme is open to resident people, Hindu Undivided Families (HUFs), trusts, charitable establishments, and universities. According to the RBI, the particular person traders with subsequent change in residential standing from resident to non-resident can proceed to carry SGB until the early redemption or maturity.

How To Invest

The sovereign gold bonds are bought by business banks, the Stock Holding Corporation, designated publish places of work, in addition to the inventory exchanges BSE and NSE. The bonds are held within the RBI books or in a demat kind. The minimal permissible funding might be one gram of gold. 


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