Gold bond issue price fixed at Rs4,852 per gm

Mumbai, July 3

The issue price for the Sovereign Gold Bond has been fixed at Rs 4,852 per gram of gold, the RBI said on Friday.

The Sovereign Gold Bond Scheme 2020-21-Series IV will be opened for subscription for the period between July 6 and July 10. The RBI in April had announced that the government will issue Sovereign Gold Bonds in six tranches beginning April 20 till September. Sovereign Gold Bond 2020-21 will be issued by the RBI on behalf of the Government of India.

"The nominal value of the bond based on the simple average closing price (published by the India Bullion and Jewellers Association) for gold of 999 purity of the last three working days of the week preceding the subscription period...works out to Rs 4,852 per gram of gold," the RBI said. — PTI