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Investing in gold? Go the bond way The Reserve Bank of India (RBI) on Friday announced series 5 of the sovereign gold bond scheme for this financial year. It will be open for subscription from 14-18 January. The nominal value of the bond – based on the simple average closing price, published by the India Bullion and Jewellers Association Ltd (IBJA) for gold of 999 purity of the last three business days of the week preceding the subscription period – works out to ₹ 3,214 per gram. The government, in consultation with the RBI, has decided to offer a discount of ₹ 50 per gram to those investors applying online. The payment against the application is made through digital mode. What you get The bonds will give you an additional fixed interest of 2.50% above the value of gold per annum on the nominal value. Interest will be paid half yearly. The last interest will be paid with principal on maturity, which is eight years. Pre-mature redemption is permitted from fifth year