The Reserve Bank of India (RBI) on September 08, 2023, issued a notification regarding the issue price of the Sovereign Gold Bond Scheme 2023-24 Series II
This has a reference to the Government of India notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated June 14, 2023
The following has been stated namely: -
• It states that the SGB 2023-24 - Series II shall 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/- per gram of gold.
• 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 a Gold Bond will be ₹5,873/- per gram of gold.
[Press Release 2023-2024/898]
