New Delhi : The Reserve Bank of India (RBI) has fixed the issue price at Rs 4,590 per gram for the next installment of government gold bonds. The Reserve Bank of India (RBI) has given information in this regard in a statement on Friday. The second series of Government's Sovereign Gold Bond Scheme 2020-21 will open from 11 May 2020 and will continue for subscription till 15 May 2020.
At the time of issuing the first series, the issue price of the gold bond was Rs 4,639 per gram. The Reserve Bank of India (RBI) said last month that the government would issue sovereign gold bonds in six phases from April 20 to September. The Reserve Bank of India will issue these bonds on behalf of the Government of India. The Government of India has decided to give a concession of Rs. 50 per gram in the issue price to investors applying online and paying through digital means. The value of the gold bond for such investors would be Rs 4,540 per gram.
Interest on gold bond is taxable. That is, you will also get interest on the gold bond, it will be considered as your taxable income. However, the amount received from the sale of gold bonds to individual investors will not be taxed.
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