December 16, 2023Press Trust Of India

Sovereign Gold Bond issue price fixed at Rs 6,199 per gramme

The Sovereign Gold Bond (SGB) Scheme 2023-24 - Series III will be open for subscription during December 18–22, 2023

Source: ANI

SGBs will be sold through scheduled commercial banks, Stock Holding Corporation of India, Clearing Corporation of India, designated post offices, NSE and BSE

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RBI said the nominal value of the bond based on the simple average closing price for gold of 999 purity works out to Rs 6,199 per gramme

Source: ANI

Government, in consultation with RBI, has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and making the payment through digital mode

Source: X

The Gold Bond Scheme 2023-24 - Series IV is scheduled for February 12-16; Series I was open for subscription on June 19-23 this year, and Series II during September 11-15

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The maximum limit of subscription shall be 4 kg for individuals, 4 kg for HUF and 20 kg for trusts and similar entities per fiscal year

Source: Freepik