Sovereign Gold Bond 2021-2022 Series 05 issued by the Government of India will open from 09 August 2021 until 13 August 2021. 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 ₹4,740 per gram of gold. says RBI in its RBI press release. There is a ₹50 discount per gram on subscribing online for the bond.
The issue price decided for each tranche is calculated using a simple average of the prices given by Mumbai-based India Bullion and Jewellers Association (IBJA), an industry body.
Also read: what is Sovereign Gold Bonds? and its benefits and features.
Sovereign Gold Bond 2021-2022 Series 05 Details
| Issue name | Sovereign Gold Bond 2021-22 – Series V |
| Symbol | SGB212205 |
| Series (NSE) | GB |
| Issue Period | Monday, Aug 09 to Friday, Aug 13, 2021* |
| Issue Price (per gram of gold) | Rs. 4,740 Per Gram/bond (for applying online & payment in digital mode) |
| Nominal value of the bond | Rs. 4,790 Per Gram/bond |
| Minimum Quantity | 1 gram |
| Maximum Quantity | Maximum limit of subscription per fiscal year (April-March) of 4000 (grams) for Individual & HUF and 20000 (grams) for Trust & similar entities notified by the Government. |
| Bid Quantity Multiple | 1 unit/bond |
| Rate of Interest | 2.50 percent per annum payable half-yearly on the nominal value. |
| Tenor | 8 years from the date of issue of the Bonds. Pre-mature redemption of the Bond is permitted after fifth year of the date of issue of the Bonds and such repayments shall be made on the next interest payment date. |
| Issuance | To be issued by Reserve Bank of India on behalf of the Government of India. |
| Tradability | Bonds will be tradable on stock exchanges in dematerialised form |
You can buy the SGB from various sources like selected Banks, Post offices, etc. An online facility is also available for the SGB subscription. and the discount price is only for online investors. The next Issue 2021-22 Series VI August 30-September 03, 2021September 07, 2021
Final thoughts
Sovereign Gold Bond is one of the safest and returns assuring investment tools. it is very transparent since it is regulating by the government of India. SGB reduces the risk of physical gold keeping. and it helps to diversify an investor’s portfolio. In this post, we discussed Sovereign Gold Bonds and their benefits. I hope this post will give an idea about SGB 2021-2022 series 05. investing in the SGB is purely your personal choice. make a good study before you make an investment in the SGB.
Happy Investing