In terms of GoI notification F.No.4(4)-B(W&M)/2020 and RBI circular IDMD.CDD.No.730/14.04.050/2020-21, dated October 09, 2020, the Sovereign Gold Bond Scheme 2020-21 - Series XII will be open for subscription for the period from March 01, 2021 to March 05, 2021. 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, i.e. February 24 - 26, 2021 works out to ₹4,662/- (Rupees Four thousand six hundred and sixty-two only) per gram of gold. 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 ₹4,612/- (Rupees Four thousand six hundred and twelve only) per gram of gold. (Yogesh Dayal)
Chief General Manager Press Release: 2020-2021/1170 | |