Sovereign gold bond: The Reserve Bank of India (RBI) declared Sovereign gold bond September 2023 price on Friday at ₹5,923 per gram. The next tranche of the scheme is opening for subscribers on 11th September 2023 i.e. on Monday next week.
The issue will remain open for bidding till 15th September 2023 i.e. till Friday next week. Issuing a press statement in regard to sovereign gold bond price, date and other details, RBI said, "Sovereign Gold Bond Scheme 2023-24 - Series II will be open for subscription during September 11–15, 2023.
The nominal value of the bond based on the simple average of closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three working days of the week preceding the subscription period, i.e. September 06, September 07, and September 08, 2023 works out to ₹5,923/- (Rupees Five thousand nine hundred and twenty three only) per gram of gold." "Government of India, in consultation with the Reserve Bank, has decided to offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and making the payment against the application through digital mode. For such investors, the issue price of Gold Bond will be ₹5,873/- (Rupees Five thousand eight hundred and seventy three only) per gram of gold," RBI said.
Sovereign gold bond scheme 2023-24 series 2 will be sold through banks, Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognised stock exchanges — the NSE and the BSE. 1] Sovereign gold bond price: The RBI has fixed issue price at ₹5,923 per 10 gm. 2] Sovereign gold bond discount: The RBI has announced ₹50 per 10 gm discount for online applicants to the new tranche of sovereign
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