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 I will be open for subscription during June 19–23, 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. June 14, June 15, and June 16, 2023 works out to ₹5,926/- (Rupees Five thousand nine hundred and twenty six 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 ₹5,876/- (Rupees Five thousand eight hundred and seventy six only) per gram of gold.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/426