The Series VIII of Sovereign Gold Bond Scheme 2021-22 will open for subscription from Monday, November 29, 2021. The subscription window will open today and will continue for five days till December 3, 2021.

The issue price for the eighth tranche has been fixed at Rs 4,791 for one gram, as per the notification by the Finance Ministry.

What is the Sovereign Gold Bonds Scheme?

The Sovereign Gold Bond Scheme was launched in November 2015, with the objective of reducing the demand for physical gold and shifting a part of the domestic savings — used for the purchase of gold — into financial savings.

Tenure of gold bonds:

Gold bonds have a tenure of eight years with an exit option after the fifth year to be exercised on the next interest payment date.

The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value, while the minimum permissible investment will be 1 gram of gold.

Check out the price and discount:

The government, in consultation with the Reserve Bank of India (RBI), has decided to allow a discount of Rs 50 per gram from the issue price to investors who apply online and make payments through digital mode.

For such investors, the issue price of gold bonds will be Rs 4,741 per gram of gold.

How to buy Sovereign Gold Bonds?

Sovereign Gold Bonds can be bought in various ways, including digital methods.

The bonds can be bought through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges like National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

For digital mode, people can apply via the websites of the listed scheduled commercial banks.