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Sovereign Gold Bond Scheme 2019-20 (Series I) – Issue Price

Ministry of Finance

Sovereign Gold Bond Scheme 2019-20 (Series I) – Issue Price

Posted On: 31 MAY 2019 7:56PM by PIB Delhi

In terms of Government of India Notification No. F. No. 4(7)-W&M/2019 dated May 30, 2019 and Press Release dated May 31, 2019, Sovereign Gold Bond Scheme 2019-20 (Series I) will be opened for subscription for the period June 03-June 07, 2019. The issue price of the Bond during this subscription period shall be Rs.3,196 (Rupees Three Thousand One Hundred Ninety Six only) – per gram with Settlement date June 11, 2019, as also published by RBI in their Press Release dated May 31, 2019.  

Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs. 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be `3,146 (Rupees Three Thousand One Hundred Forty Six only) per gram of gold.

Source: PIB



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