For the second series, the government of India has fixed the price of Sovereign Gold Bond 2021-22, at a price higher than the Series I. The issue price has been fixed at Rs. 4842 per gm, while the subscription for public will open on May 24, 2021. Notably spot prices of gold are not available and on the MCX, gold continues to gain now on weakness in dollar.
"The nominal value of the bond based on the simple average closing price for gold of 999 purity of the last three business days of the week preceding the subscription period... works out to Rs 4,842 per gram of gold," the RBI said in a statement.
These SGBs shall be available at designated commercial banks, SHCIL, exchanges etc.
Launched in the year 2015, the scheme's aim was to push Indian gold savings into investment form of gold. Further unlike other gold investments, these yield interest earnings for you, know other advantages of investing in SGBs.