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 V will be opened for subscription for the period from January 14, 2019 to January 18, 2019. 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. January 09-January 11, 2019 works out to ₹ 3,214/- (Rupees Three Thousand Two Hundred Fourteen 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 ₹ 3,164/- (Rupees Three Thousand One Hundred Sixty Four only) per gram of gold.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1632