Sovereign Gold Bond Scheme 2020-21-Series VI : Open for subscription today; Read more…

Sovereign Gold Bond Scheme 2020-21-Series VI : Open for subscription today; Read more...

The 6th series of gold bonds for FY21 open for subscription on August 31 at Rs 5,117 per gram.


Applying online will get a discount of Rs 50 per gram at Rs 5,067 per gram of gold. 


The Reserve Bank of India has fixed the minimum permissible investment at 1 gram.


The Sovereign Gold Bond Scheme 2020-21-Series VI will close on September 4. 


Date of issuance is September 8.
Sovereign gold bonds are issued by RBI on behalf of the government.
It provides an annual interest rate of 2.5% percent and has a maturity period of eight years with an exit option after the fifth year.


Gold has been among the top-performing asset classes of year 2020, is showing volatility after making a record high this month. 


On a year-to-date basis, the prices of the yellow metal have surged over 27 percent.


Gold prices were up in India on August 31 tracking positive cues in the international spot prices where the precious metal was trading near its highest level in nearly two weeks.


Experts are of the view that gold and silver prices are likely to remain volatile but weakness in the dollar index could support the prices.


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