Sovereign Gold Bond Scheme 2023-24 Series II opens on Monday; Check latest SGB issue price, how to invest online
Sovereign Gold Bond (SGB) tranche will open for subscription on September 11 and will close on September 15, 2023. The Reserve Bank of India (RBI) has kept the settlement date of this tranche of Sovereign Gold Bond Scheme 2023-24 Series as September 20, 2023.
Sovereign Gold Bond Scheme 2023-24 Series II
«In terms of Government of India notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated June 14, 2023, the 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 Rs 5,923/- (Rupees Five thousand nine hundred and twenty three only) per gram of gold,» stated an RBI press release dated September 8, 2023.
«Government of India, in consultation with the Reserve Bank, has decided to offer a discount of Rs 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 Rs 5,873/- (Rupees Five thousand eight hundred and seventy three only) per gram of gold,» the RBI release added.
Where can you purchase SGB TheSGBs will be sold through Scheduled Commercial banks (except Small Finance Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India
