Gold Govt announces opening of FY24 series 1 of sovereign gold bonds: Check out issue price, terms of discount and more
New Delhi: The government on Friday announced the opening of the first series of Sovereign Gold Bonds for the current financial year 2023-24.
“In terms of Government of India Notification No.4(6)-B(W&M)/2023 dated June 14, 2023, Sovereign Gold Bonds 2023-24 (Series I) will be opened for subscription during the period June 19-23, 2023 with Settlement date June 27, 2023,” the Ministry of Finance said in a statement.
The issue price of the Bond during the subscription period has been fixed at Rs 5,926 per gram, it said.
This has been also published by the Reserve Bank of India (RBI) in its press release dated June 16, 2023.
The Centre in consultation with the RBI has decided to allow a discount of Rs 50 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 per gram of gold, the ministry stated.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
