Sovereign Bond: The government of India notification on June 14 said that Sovereign Gold Bonds 2023-24 (Series I) would be opened for subscription during June 19-23 with a Settlement date of June 27.
The Bond’s issue price during the subscription period shall be Rs 5,926 (Rupees Five Thousand Nine Hundred Twenty-Six only) per gram, as also published by RBI in their Press Release dated June 16, 2023.
The Government of India in consultation with the Reserve Bank of India has decided to allow a discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors, the issue price of Gold Bond will be Rs 5,876 (Rupees Five Thousand Eight Hundred Seventy-Six only) per gram of gold.
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