New Delhi: The 11th series of sovereign gold bonds is opening for investment from February 1. This series will be open for investment from February 1 to February 5. This time the government has fixed the issue price of Rs 4912 per gram i.e. Rs 49120 per 10 gram for gold bond. At the same time, if you buy gold bonds online, then there will also be a discount of 50 rupees on every gram. For online investors, the issue price will be Rs 4862 per gram i.e. Rs 48620 per 10 gram. Explain that the government has brought this series of sovereign gold bonds when gold is selling at a discount of about Rs 7000 from its record high this year. Expert says that Sovereign Gold Bond is a better option for those holding gold in the portfolio.
RBI has said that the nominal value of the bond has been fixed at Rs 4912. The price of the bond has been determined by the Indian Bullion and Jewelers Association Limited (IBJA) based on the average closing price of 999 purity gold between January 27 and 29. Explain that the issue price for the Series 10 Gold Bond issued earlier was Rs 5104 per gram. The issue was open to subscription from January 11 to January 15.
Investor must have PAN with every SGB application. You can buy gold bonds online. Apart from this, it will also be sold through banks, Stock Holding Corporation of India Limited (SHCIL), select post offices and stock exchanges like NSE and BSE. They are not sold in small finance bank and payment bank. The settlement date of these bonds is till 9 February 2021.
In a Sovereign Gold Bond Scheme, a person can buy up to 400 grams of gold bonds in a financial year. At the same time, minimum investment is one gram. At the same time HUFs will be able to invest up to 4 kg in a financial year, while trusts will be able to invest up to 20 kg in it.