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Sovereign Gold Bond Scheme opens on Feb 28: Issue price, how to subscribe, and all you need to know | Personal Finance News

New Delhi: The Reserve Bank of India will open the Gold Accord Program (SGB) 2021-22 – Series X for subscriptions from February 28, 2022, to March 4, 2022, according to a press release.

For the uninitiated, the Sovereign Gold Bond was launched in November 2015 under the Gold Assurance Program by the Government of India. As part of the plan, the RBI opened the case for subscription to royal gold bonds in shares.

King Series X Gold Storage Program

The RBI has set the price of the Sovereign Gold Scheme Series X ni 5,109 per gram. The price is higher than previous plans due to rising gold prices in the last few days during the ongoing Russia-Ukraine war.

The share price of the royal gold contract is based on the average gold price target of the 999 base of the last three trading days before the subscription period. The final price is published by India Bullion and Jewelers Association Ltd.

How can you subscribe to the royal Gold Holding Program?

Investors of the royal Gold Insurance Program should note that SGBs are as basic as substitutes to physical gold retention. Investors can invest their money in royal gold mining programs in cash or online. Bonds are automatically redeemed in cash upon development.

Discount on investment in Sovereign Sovereign Gold Plan Series X

Investors receive a discount of Rs 50 per gram less than the share price for online use and payment to the application via digital mode. For the SGB series X, the case will cost Rs 5,059, per gold gram.

Sovereign Gold Bond Plan Series X Interest rate

Investments in royal Gold Securities programs provide 2.50 per cent (fixed rate) per year on that amount. The interest is read semi-annually directly in the investor’s bank account. Also Read: Wordle answer for today, February 27: Check out puzzle 253 hints, solution

Soveign Gold Bond Aim Series X fit

Indigenous Indians defined under the Foreign Exchange Control Act, 1999 have the right to invest in the Sovereign Gold Scheme Series X. Individuals, HUFs, trusts, universities and charities you are allowed to invest in the idea. Also Read: Elon Musk-owned Starlink offers internet services in Ukraine, Twitterati is all praise for billionaire

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