The Sovereign Gold Bond Scheme 2020-21 Series XI was launched on February 1, coinciding with FM Nirmala Sitharaman’s presentation of Union Budget 2021. The issue price for Sovereign Gold Bond has been fixed at Rs 4,912 per gram of gold, the Reserve Bank of India said in a statement.
Sovereign Gold Bond Scheme 2020-21 – Series XI is open for subscription from February 01 to February 05, 2021.”The nominal value of the bond…Works out to Rs 4,912,” the RBI said.
The value of the bond is based on the simple average closing price published by India Bullion and Jewellers Association Ltd (IBJA) for gold of 999 purity of the last three business days of the week preceding the subscription period (January 27-29, 2020). The central bank further said the government, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram to those investors applying online and the payment against the application is made through digital mode.
