In the fourth tranche of gold bonds to be issued by the Reserve Bank, the price of one gram of gold has been fixed at Rs 6,263.
RBI is going to release the fourth tranche of gold bonds from 12th to 16th. In this, the average price of 24 carat gold for the last three days of the last week is Rs 6,263 as the price of the gold bond.
In case of online purchase, a discount of Rs 50 per gram will be given and the price will be Rs 6,213, RBI said.
The central government announced the Gold Savings Bond Scheme in November 2015 as part of a move to reduce gold imports. Reserve Bank of India issues gold bonds on behalf of the central government. That way, gold can be stored in document form.
One gram of gold is given as one unit. Investments in these gold bonds can be made through public sector and private banks, post offices, National Stock Exchange and Mumbai Stock Exchange.
A maximum of four kilos per person per annum and organizations such as trusts
You can invest up to 20 kg. The maturity period of gold bonds is eight years. However, after completion of five years, the investment can be withdrawn before maturity.