The ninth tranche of sovereign gold bonds of this fiscal, which opened for subscription on Monday, closes today. The issue price for Sovereign Gold Bond Scheme 2020-21-Series IX has been fixed at ₹5,000 per gram of gold. Here are 10 things to know:1) Analysts say that sovereign gold bonds are a good way to invest in gold for the long term. "One can take long term exposure to gold through sovereign gold bonds, that can be added to one’s portfolio for diversification as well as for wealth creation. 7) Sovereign gold bonds are issued by Reserve Bank India on behalf of the Government of India.

Source: Mint January 01, 2021 06:00 UTC