The 12th and last series of the government- run sovereign gold bond (SGB) scheme 2020-21 will open for subscription on Monday (1st March 2021) for a period of five days. The subscription will close on March 5 2021. Each gold bond (equivalent to 1 gram of gold) is priced at ₹4,662 under the 12th tranche, according to the Reserve Bank of India (RBI). According to the central bank, a discount of ₹50 per unit is applicable for all those investing in the gold bonds online. For such investors, the issue price of the gold price will be ₹4,612 per gram of gold, The date of settlement is 9th Mar 2021.
In past I have written couple of articles about various ways of investing in GOLD and always find sovereign gold bond (SGB) better, please take a look at below articles for more understanding.
Invest or not in Indian Sovereign Gold Bond (SGB) Scheme? – Ambrulz’s Blog (wordpress.com)
Confused about buying Gold – Physical Vs Digital – Ambrulz’s Blog (wordpress.com)
Lessons from 2020 and outlook for 2021 – Ambrulz’s Blog (wordpress.com)
Gold should have allocation in your portfolio as a hedge/diversification strategy, look at the be below momentum of the gold from Aug 2020.
Gold witnessed a rally in its prices globally since the pandemic COVID 19. Falling equity markets, negative market sentiments globally, and the curiosity of parking the funds in risk-free assets drove the momentum in the gold prices.
I feel this is attractive price and one should think of applying in this scheme looking at portfolio allocation overall.
Happy investing:-)
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