For the subscription period from November 13, 2017 to November 15, 2017 with settlement on November 20, 2017, the nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewelers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. November 08 to 10, 2017 works out to ₹2961/(Rupees Two thousand Nine Hundred and Sixty One only)- per gram.
Government of India, in consultation with the Reserve Bank of India, has decided to offer 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 ₹ 2911/- (Rupees Two Thousand Nine Hundred and Eleven only) per gram of gold.
Ajit Prasad Assistant Adviser
Press Release : 2017-2018/1304
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