Sovereign Gold Bond rate fixed at 2,934 rupees per gram

The price of the new series of Sovereign Gold Bonds (SGBs), opening for purchase on Monday, has been fixed at 2,934 rupees per gram. The government, in consultation with the Reserve Bank, has decided to offer a discount of 50 rupees per gram to investors applying online and making payments digitally. 

This round is



part of the SGB calender announced till December and is spread over 12 weeks. The subscription opens from Monday to Wednesday every week between October 9 and December 27. The settlement is to be made on the first business day of the following week. The first tranche under the current schedule closed on October 11.