Soverign Gold Bond-IX . Price sets to Rs 5,000/gram

Sovereign Gold Bond

Once Again RBI has launched Sovereign Gold Bond Scheme on behalf of Government Of India . Through This scheme you can buy gold at the price of Rs 5,000/gram . If  you pay through online mode than you will get discount of  Rs 50  per gram . Here are the key points regarding Sovereign Gold Bond .

1- Subscription date

Subscription of Sovereign Gold Bond -IX will open on Monday 28th December 2020 and closes New Year i.e 1st January 2021 .

2- Eligibility Criteria 

Person having the PAN card issued by Income Tax Department is eligible for Subscription  Trusts , HUF , Charitable Institutions , Universities are eligible for subscription to This Gold Bond .

3- Why Investing in Sovereign Gold Bond is beneficial then buying Physical gold ?

In Physical Gold you will buy gold physically and after certain period of time value of that physical gold will start diminishing  but in the case of Sovereign Gold Bond you will purchase the units of gold not real gold so you will get the real value of gold at the time of maturity of your gold bond . Gold is stored in Demat Format . You don’t have to pay any making charges which you pay in physical gold . Also you will get 2.5% interest p.a. in this gold bond till the maturity date or whenever you redeem after 5 years .

4- Is there any lock-in Period ?

Yes , Lock-in Period of 5 years is there in Sovereign Gold Bond . Before 5 years you cannot redeem it .

5- Minimum and Maximum Weight we can purchase in SGB ?

Minimum – 1 Gram of gold can be purchased under SGB .

Maximum  -Purchase under Gold Bond is categorised as  follows –

Category Maximum Purchase
Individual 4 KG
HUF(Hindu Undivided Family) 4 KG
Charitable Trusts 20 KG


6- Is there any Interest in Sovereign Gold Bond ?

Yes , 2.5% P.A. Interest will be given in Sovereign Gold Bond .

7- How to Subscribe for Sovereign Gold Bond ?

You can Subscribe In Online and in Offline Mode Both . You can Subscribe in Scheduled Commercial Banks (excluding RRBs, Small Finance Banks and Payment Banks), designated Post Offices (as may be notified), Stock Holding Corporation of India Ltd (SHCIL) and recognized stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Ltd. . If you Subscribe through Online Mode then you will discount of Rs 50 per application .

8- How RBI decides  the price of this gold bond ?

Price of this gold Bond is set in Indian Currencies . It is fixed on the basis of  simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited, for the last 3 business days of the week preceding the subscription period.


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