Suvarna Yojana is once again your chance to earn money.
The Reserve Bank of India (RBI) has fixed the issue price for the new series of Government Gold Bond Scheme 2021-22 (SGB) at Rs 4,786 per gram. RBI has said that the Gold Bond Scheme 2021-22 Series-9 will open on Monday, January 10, and can be bought till January 14. The issue price of the bond is Rs 4,786 per gram.
50 per gram discount for digital payment investors
The Government of India, in consultation with RBI, has decided to offer a rebate of Rs 50 per gram to investors who apply online and make digital payments. This means that such investors will get the bond at the rate of Rs 4,736 per gram.
The cost of the 8th portion is Rs 4,791 per gram
In the 8th phase of the Government Gold Bond Scheme, the issue price was fixed at Rs 4,791 per gram. Under this plan, RBI issues gold bonds for the Government of India. The bonds will be sold by banks, Stock Holding Corporation of India (SHCIL), designated post offices, and NSE and BSE. The Gold Bond Scheme was first launched in November 2015 with an aim to reduce the physical demand for gold.
What is the objective of the Universal Gold Bond Project?
The objective of the scheme is to reduce the demand for gold on hand and convert a part of the family savings into financial savings for the purchase of gold. The bond price is determined in Indian Rupees based on the simple average of the closing price of 999 Pure Gold published by the India Bullion and Jewelers Association Limited.
