Second Tranche of SGB Opens on 24th May

New Delhi: The second tranche of the sovereign gold bond scheme 2021-22 opens for subscription on Monday (May 24, 2021). According to the Reserve Bank of India’s schedule set for the gold bond scheme 2021-22, the second tranche window will be open for investors between May 24 and May 28.

In a statement on Friday, May 21, the Ministry of Finance, in consultation with the central bank, announced the issue price of gold bonds which will be available in the second tranche of the scheme. According to RBI, an issue price of Rs 48,42 per unit, equivalent to the value of one gram of gold, is applicable for the second installment of the gold bond scheme 2021-22.

The Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs 4,792 per gram of gold. The date of issuance for the second tranche is set as June 1, 2021.