The Reserve Bank of India on December 15 set an issue price of ₹6,199 per gram for the Sovereign Gold Bonds (SGBs) 2023-24 Series III. The price will be lower by ₹50 per gram for those who subscribe through the online mode.
The subscription window for Sovereign Gold Bonds (SGBs) 2023-24 Series III will open for five trading days, starting from December 18 until December 22. The issuance of these bonds is scheduled for December 28, 2023. The price for the tranche was announced by the Reserve Bank of India (RBI) on Friday, December 15.
RBI said that the nominal value based on the simple average of closing price between December 13-15, works out to be ₹6,199 per gram. For online subscribers, the issue price of a Gold Bond will be ₹6,149 per gram of gold.
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