In terms of GoI notification F.No.4(22)-W&M/2018 and RBI circular IDMD.CDD.No.821/14.04.050/2018-19 dated October 08, 2018, the Sovereign Gold Bond Scheme 2018-19 - Series III will be opened for subscription for the period from November 05, 2018 to November 09, 2018. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. October 31-November 02, 2018 works out to ₹ 3,183/- (Rupees Three Thousand One Hundred Eighty Three only) per gram.

Government of India, in consultation with the Reserve Bank of India, has decided to offer a 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 ₹ 3,133/- (Rupees Three Thousand One Hundred Thirty Three only) per gram of gold.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1041