Sovereign Gold Bonds 2019-20 (Series III) to be open for the period August 05 - 09, 2019; Issue Price to be Rs 3,499 per gram

In terms of Government of India Notification No. F. No. 4(7)-W&M/2019 dated May 30, 2019 and Press Release dated May 31, 2019, Sovereign Gold Bonds 2019-20 (Series III) will be opened for the period August 05-09, 2019. The issue price of the Bond during this subscription period shall be Rs. 3,499 (Rupees Three Thousand Four Hundred Ninety Nine only) – per gram with Settlement date August 14, 2019, as also published by RBI in their Press Release dated August 02, 2019.

Government of India in consultation with the Reserve Bank of India has decided to allow 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. 3,449 (Rupees Three Thousand Four Hundred Forty Nine only) per gram of gold.