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Is this a good time to invest in gold? Membership for 8th installment will end soon



Sovereign Gold Bond: The issue price has been fixed at ₹ 4,791 per unit in the eighth tranche

Sovereign Gold Bond 2021-22: The eighth tranche of the government-run Sovereign Gold Bond scheme will close for subscription on Friday, December 3. An issue price of Rs 4,791 per unit, equivalent to the value of one gram of gold, is applicable for the eighth installment. Gold Bond Scheme 2021-22 as per Reserve Bank of India (RBI). The installment release date has been fixed as December 7, 2021. ,Read also: What are Sovereign Gold Bonds? Here’s all you need to know)

The issue price for each tranche has been fixed in rupees – calculated by the Mumbai based India Bullion and Jewelers Association (IBJA) on the basis of simple average of closing price of gold of 999 purity for the last three working days. The week before the subscription period. The Gold Bond Scheme is also available through the RBI Retail Direct Portal –

Government Gold Bond Scheme – from RBI, has become a popular instrument to invest in the yellow metal in non-physical form. Gold bonds are considered a safe bet for investment and are linked to the market value of the precious metal. After the current series, the Gold Bond scheme will be available for subscription in two more installments in the current financial year. ,Read also: Gold Bond Series VII-X- Key Points to Know)

Sovereign Gold Bond 2021-22 Series VIII: November 29-December 3: Here’s everything you need to know

should you buy

“The price of Sovereign Gold Bond Installment-8 has been fixed at ₹4791/gram. Sovereign Gold Bonds are an effective way to invest in gold. There is a storage cost, as the holding format is digital, plus the investor receives 2.5 percent p.a. interest.

The government has raised more than Rs 31,000 crore through this scheme. SGB ​​is a preferred route for the government to convert all gold investments to digital mode, this will help in keeping the deficit under control, provide support to the currency.

Gold prices were trading in a narrow range for the past few sessions, after hitting a nine-month high in a month,” said Mr. Nish Bhatt, Founder and CEO, Millwood Cane International.

discount for online customers

For all those who are investing in an online gold bond scheme – wherein the payment is made through any digital mode, a discount of Rs 50 per unit is applicable as per RBI. The issue price in the seventh tranche of Sovereign Gold Bond Scheme for online subscribers has been fixed at Rs 4,741 per gram.

How to Invest in Sovereign Gold Bonds

Sovereign Gold Bonds are sold through scheduled commercial banks (except small finance banks and payments banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, Clearing Corporation of India Limited (CCIL) as well as recognized stock exchanges. Huh. Exchanges – National Stock Exchange of India and Bombay Stock Exchange Limited. Gold bonds are held in the books of RBI or in demat form.


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