This is the highest ever subscription since the October 2016 issue The first tranche of sovereign gold bond for FY21 saw people subscribe to a record 17.73 lakh units worth ₹822 crore as per data provided by the Reserve Bank of India.
This is the highest ever subscription since the October 2016 issue. One unit of gold bonds is equal to one gram of gold and was priced at ₹4,639 for the first tranche of FY20.
The first issue of the sovereign gold bond scheme came in October 2015 and people bought 9.14 lakh units worth ₹245 crore. Its popularity surged as it is the only gold investment option to pay fixed guaranteed interest on investment in gold.