GoI releases the Sovereign Gold Bond Scheme 2020-21 (Series IX) - Issue Price



Quick Summary
The Government of India has announced the opening of the Sovereign Gold Bond Scheme 2020-21 (Series IX). This issue will be available for subscription between December 28, 2020, and January 01, 2021. The issue price is set at Rs 5,000 per gram of gold. However, investors who apply online and make their payment through digital means will receive a discount of Rs 50 per gram, making the effective price Rs 4,950 per gram.

In terms of Government of India Notification No.4(4)-B(WM)/2020 dated October 09, 2020, Sovereign Gold Bonds 2020-21 (Series IX) will be opened for the period December 28, 2020 - January 01, 2021 with Settlement date January 05, 2021. The issue price of the Bond during the subscription period shall
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FAQ :

The subscription period for Sovereign Gold Bonds 2020-21 (Series IX) is from December 28, 2020, to January 01, 2021.

The issue price is Rs 5,000 per gram of gold.

Yes, investors who apply online and make payment through a digital mode will receive a discount of Rs 50 per gram.

The discounted issue price for online applicants using digital payment is Rs 4,950 per gram of gold.

The settlement date for the Sovereign Gold Bonds 2020-21 (Series IX) is January 05, 2021.




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