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
Source: Pexels
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
Source: Shutterstock
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