INSUBCONTINENT EXCLUSIVE:
Sovereign Gold Bonds: The problem price is set at 4,786 per unit in the ninth trancheSovereign Gold Bond 2021-22 Scheme: The ninth tranche
of the government-run sovereign gold bond plan 2021-22 opens for membership on Monday, January 10, 2022
The ninth series will be open for investors between January 10 - January 14 - for a period of 5 days, according to the schedule set for the
gold bond plan 2021-22 by the Reserve Bank of India (RBI)
(Likewise Check Out: Gold Bond Series VII-X: Key Things To Know )A problem cost of Rs 4,786 per unit, equivalent to the value of one gram of
gold, is applicable for the ninth installation of the gold bond plan 2021-22
The date of issuance for the tranche is set as January 18, 2022
After the current series, the gold bond scheme will be available for another tranche in the existing fiscal.Gold bonds are connected to the
market rate of the rare-earth element
The interest-paying bonds are a popular means to purchase the rare-earth element in a non-physical form
Investors will be compensated at a fixed rate of 2.50 percent per annum payable semi-annually on the small value, based on the RBI.Issue
PriceFor the gold bond scheme 2021-22 series VIII, the reserve bank has actually repaired a concern rate of Rs 4,786 per unit - equivalent
to the value of one gram of gold.The concern rate of each tranche will be fixed in rupees- computed on the basis of an easy average of the
closing rate of gold of 999 pureness, by the Mumbai-based India Bullion and Jewellers Association (IBJA) for the last 3 working days of the
week preceding the membership period.Discount For Online SubscribersFor all those subscribers who are seeking to invest in the gold bonds
scheme online - in which the payment is done through any of the digital techniques, a discount rate of Rs 50 per unit applies, according to
For the online subscribers, the problem cost is set at Rs 4,73 per gram of gold in the upcoming ninth tranche of sovereign gold bonds
What specialists state- Currently, gold rates are trading near a two-month low
Gold rates are almost Rs 9000/10 gm down from their peak witnessed in 2020
The weak point is primarily due to the minutes of the United States Fed that showed a much faster rate hike and also a decrease in bond
purchasing than earlier estimated.Going forward, the pace at which the worldwide central banks will relax their financial position, movement
of the United States dollar will assist gold costs in the year 2022, said Mr
Nish Bhatt, Creator - & CEO, Millwood Kane International.
