The issue price for the following tranche of Sovereign Gold Bond Scheme 2022-23, which is able to open for subscription for 5 days from Monday, has been fixed at ₹5,611 per gram of gold, the Reserve Bank of India mentioned on Friday.
The Sovereign Gold Bond Scheme 2022-23 – Series IV can be open for subscription throughout March 6–10, 2023.
“The nominal value of the bond… works out to ₹5,611 per gram of gold, the central bank said in a statement.
Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.
“For such investors, the issue price of gold bond will be ₹5,561 (Rupees Five thousand five hundred and sixty one only) per gram of gold,” the RBI mentioned.
