The Government of India, in alignment with its investment initiatives, has released important details regarding the Sovereign Gold Bonds 2023-24 (Series II). This provides investors with the opportunity to invest in gold while also contributing to India’s economic growth.
Subscription Period: The subscription period for Sovereign Gold Bonds 2023-24 (Series II) is scheduled to run from September 11 to September 15, 2023, offering a limited window for interested investors.
Settlement Date: The settlement date for these bonds is set for September 20, 2023, allowing investors to plan their investments accordingly.
Issue Price: During the subscription period, the issue price of the Sovereign Gold Bond is fixed at Rs. 5,923 (Rupees Five Thousand Nine Hundred Twenty-Three only) per gram of gold. This pricing is in accordance with the Reserve Bank of India’s Press Release dated September 08, 2023.
Digital Payment Discount: In a move to encourage digital transactions, the Government of India, in consultation with the Reserve Bank of India, is offering a discount of Rs. 50 per gram from the issue price. This discount is applicable to investors who apply online and make their payments through digital modes. For such investors, the effective issue price of the Gold Bond will be Rs. 5,873 per gram of gold.
A Golden Opportunity: Sovereign Gold Bonds provide a unique investment avenue for individuals keen on acquiring gold assets while contributing to the country’s economic development. The special discount for digital transactions adds an extra incentive for tech-savvy investors to participate in this opportunity.
Investors are encouraged to take advantage of this subscription window to diversify their portfolios and explore the benefits of investing in Sovereign Gold Bonds, all while supporting India’s digitalization efforts.
