Business

Gold bond issue price fixed at ₹5,051

The issue price for sovereign gold bond has been fixed at ₹5,051 per gram of gold, the Reserve Bank of India (RBI) said in a statement on Friday.

The Sovereign Gold Bond Scheme 2020-21-Series VII will be opened for subscription from October 12 to October 16.

The RBI further said that the government, in consultation with the central bank, had 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.


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Printable version | Jun 13, 2021 6:01:35 AM | https://www.thehindu.com/business/gold-bond-issue-price-fixed-at-5051/article32816333.ece

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