Sovereign Gold Bonds are available at an issue rate of Rs 4,662 per unitSovereign Gold Bond: The 12th and last series of the government's Sovereign Gold Bond (SGB) plan 2020-21 is open for membership till today, March 5.

The government opened the last series of the gold bond plan 2020-21 on Monday, March 1, for a duration of 5 days.

The Reserve Bank of India (RBI) concerns interest-paying bonds linked to the marketplace rate of gold, as part of the gold bond scheme.

Starting from October 2020, the gold bonds were provided in series of six tranches.

For the 12th and last installment of the gold bond scheme 2020-21, a problem cost of Rs 4,662 per system, equivalent to the value of one gram of gold, applies.

(Likewise Read: Budget plan 2021: Area 47 Of I-T Act Must Be Amended With Respect To Gold Bonds Scheme )Concern PriceUnder the 12th tranche, each gold bond (equivalent to one gram of gold) is priced at Rs 4,662, according to the central bank.

The rate is decided on the basis of spot costs provided by the Mumbai-based India Bullion and Jewellers Association (IBJA).

Essential DatesThe 12th tranche of the gold bond plan opened for subscription on Monday, March 1, and is offered for investing till today, March 5, 2021DiscountA discount of Rs 50 per system applies for those investing in the gold bonds online, and the payment versus the application is made through any of the digital modes.

For financiers paying online, the problem cost of the gold cost will be Rs 4,612 per gram of gold.

(Likewise Read: Here Is How Sovereign Gold Bond Rate Is Determined)What Specialists Say The 12th and the last tranche of the Sovereign Gold Bond for FY21 are priced at Rs 4,662/ gm.

Financiers using online will get a discount of Rs 50/gm.

Financial investment in paper gold is the very best and the most efficient way of buying yellow metal.

Gold ought to have an allowance of 5-20 per cent of any portfolio depending on the risk hunger, stated Nish Bhatt, Founder and CEO, Millwood Kane International.Who Can InvestThe sovereign gold bond scheme is open to resident individuals, Hindu Undivided Families (HUFs), trusts, charitable institutions, along with universities.

According to the Reserve Bank, individual investors with subsequent change in domestic status from resident to non-resident can continue to hold the bond till early redemption How To InvestThe gold bonds are offered through business banks, the Stock Holding Corporation, designated post offices, and the stock exchanges BSE and NSE.

They are kept in the RBI books or in a demat kind.

The minimum allowable investment is one gram of gold, for the scheme,