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Second Tranche of Sovereign Gold Bond Scheme 2021 Opens for Subscription Today

From today, the second tranche of the sovereign gold bond program 2021-22 will be available for subscription, the window will be open till the 28th. The bonds will be issued in six tranches from May to September 2021, according to the government. The bonds will be issued on behalf of the Indian government by the Reserve Bank of India.

The Reserve Bank of India (RBI) has fixed the issue price for the second tranche of the sovereign gold bond scheme at ₹4,842 per gram.

"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 ₹4,842 per gram of gold," the RBI said in a statement on Friday.

The government will offer a discount of ₹50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.

The bonds will be sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and National Stock Exchange and the Bombay Stock Exchange (BSE).

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