Invest in Sovereign Gold Bond Scheme 2020-21 (Series X) from January 11 – Check issue price, online offer

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Updated: January 09, 2021 6:55 PM

Sovereign Gold Bonds 2020-21 (Series X) will be opened for the period January 11-15, 2021 with Settlement date January 19, 2021.

BSE Sensex, gold, share marketBack in the year 1999, gold prices averaged at Rs 4,234 per 10 grams, while the S&P BSE Sensex was at 4,141 points

Sovereign Gold Bonds 2020-21 (Series X) will be opened for the period January 11-15, 2021 with Settlement date January 19, 2021. The issue price of the Bond during the subscription period will be Rs 5,104 (Rupees Five thousand one hundred four only) – per gram. This information was also published by RBI in their Press Release dated January 08, 2021.

In a statement, the Ministry of Finance said that the Government of India in consultation with the Reserve Bank of India has decided to allow a discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors, the issue price of Sovereign Gold Bond will be Rs 5,054 (Rupees Five thousand Fifty-four only) per gram of gold.

“In terms of Government of India Notification No.4(4)-B(W&M)/2020 dated October 09, 2020, Sovereign Gold Bonds 2020-21 (Series X) will be opened for the period January 11-15, 2021 with Settlement date January 19, 2021. The issue price of the Bond during the subscription period shall be Rs5,104 (Rupees Five thousand one hundred four only) – per gram, as also published by RBI in their Press Release dated January 08, 2021,” the Ministry of Finance said in a statement.

“The Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs5,054 (Rupees Five thousand Fifty four only) per gram of gold,” it added.

The Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs5,054 (Rupees Five thousand Fifty four only) per gram of gold.

The price of gold has been over Rs 50,000 for more than six months. The ninth tranche of the SGB opened on December 28, 2020 with the issue closing on January 1, 2021. The price for the 9th tranche of SGB was Rs 5000/gram.

The price of the 8th tranche of SGB was fixed by the RBi at Rs 5177 per gram. The Sovereign Gold Bond Scheme 2020-21-Series VIII had opened for subscription from November 9 to 13, 2020.

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