April 24, 2026 11:50 pm (IST)
Follow us:
Sovereign Gold Bond 2016 – Series II: Issue Price
Mumbai, Mar 7 (IBNS) The Reserve Bank of India (RBI), in consultation with the Government of India, has decided to issue third tranche of Sovereign Gold Bonds, which will be open for subscription from Tuesday.
The subscription will be open from March 8 to 14, 2016.
The issue price of the Sovereign Gold Bond for the third tranche has been fixed at rupees two thousand nine hundred sixteen only per gram of gold.
The rate has been fixed on the basis of simple average of closing price for gold of 999 purity for the week extending from February 29, 2016 to March 4, 2016 and published by the India Bullion and Jewellers Association Ltd (IBJA).
The Bonds will be issued on March 29, 2016.
The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices.
The borrowing through issuance of the Bond will form part of market borrowing programme of the Government of India.
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.
Support objective journalism for a small contribution.
Latest Headlines
Vee Technologies’ engineering division delivers 3,000th fire truck design for the US
Fri, Apr 24 2026
Nissan Motor India, Avis India announce partnership for leasing and subscription-based solutions
Fri, Apr 24 2026
Infosys shares extend losses to 6% post Q4 results
Fri, Apr 24 2026
Meta to cut 8,000 jobs: Reports
Fri, Apr 24 2026
As Tim Cook steps down, Sundar Pichai’s reaction grabs attention
Wed, Apr 22 2026