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Gold Bond-Series VI subscription opens on Aug 31

by BQ News Bureau
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The Sovereign Gold Bond Scheme 2020-21-Series VI will be opened for subscription from Aug 31 to Sep 04. The nominal value of the bond based on the simple average closing price published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period works out to Rs 5,117 per gram of gold.

Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs.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 RS.5,067 per gram of gold, according to an RBI circular.

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