Gold Bond 2021-'22 Tenth Tranche Opens for Subscription

The current tranche of gold bonds offers customers an opportunity to invest in gold, especially considering the war between Russia and Ukraine and rising inflation across the globe.

SEATTLE (Scrap Monster): The tenth tranche of sovereign gold bond scheme (SGB) 2021-’22 by the Indian government will open for subscription today, 28^th February, 2022. The scheme will be open for a period of five days starting today and will come to an end on 4^th March, 2022.

According to Ministry press release, the issue price of the bond has been fixed at INR 5,109 per gram of gold. The customers who purchase the bonds online by subscribing and paying online will receive a discount of INR 50 per gram of gold. For them, the price has been fixed at INR 5,059 per gram.

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The current tranche of gold bonds offers customers an opportunity to invest in gold, especially considering the war between Russia and Ukraine and rising inflation across the globe. As per analysts, the bullion is likely to emerge as the best hedge against inflation. The aggravating geopolitical tensions and rising inflation makes gold a perfect buy, said IIFL Securities.

As usual, the tenure of the bond will be for a period of eight years, with an option to exit after the fifth year. The minimum permissible investment is being fixed as 1 gram.

The government had launched the scheme for the first time in November 2015, mainly aimed at reducing the rising demand for physical gold in the country.

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