Gold Bonds Scheme's 9th Tranche Opens On Monday: Check Issue Price

Sovereign Gold Bond 2021-22 Scheme: According to the RBI, an issue price of Rs 4,786 per unit, equivalent to the value of one gram of gold, is applicable for the ninth installment

Sovereign Gold Bond 2021-22 Scheme: The ninth tranche of the government-run sovereign gold bond scheme 2021-22 opens for subscription on Monday, January 10, 2022. The ninth series will be open for investors between January 10 - January 14 - for a period of five days, according to the schedule set for the gold bond scheme 2021-22 by the Reserve Bank of India (RBI). (Also Read:Gold Bond Series VII-X: Key Things To Know )

An issue price of Rs 4,786 per unit, equivalent to the value of one gram of gold, is applicable for the ninth installment of the gold bond scheme 2021-22. The date of issuance for the tranche is set as January 18, 2022. After the current series, the gold bond scheme will be available for one more tranche in the current fiscal.

Gold bonds are linked to the market price of the precious metal. The interest-paying bonds are a popular means to purchase the precious metal in a non-physical form. Investors will be compensated at a fixed rate of 2.50 percent per annum payable semi-annually on the nominal value, as per the RBI.