Sovereign Gold Bonds 2023-24-Series-II opens on Monday and the issue price has been fixed at ₹5,923 per gram.
Sovereign Gold Bonds 2023-24-Series-II, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from September 11, 2023 to September 15, 2023. The Bonds will be issued on the September 20, 2023. The issue price is ₹5,923 per gram of gold. Special discount of ₹5,873 per gram for the investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of the gold bond will be ₹5,873 per gram of gold. Assured return of 2.50% PA payable half-yearly.
Retail Investor can invest Minimum 1 GM and Maximum 4 Kg. The 4Kg limit is per financial year. The Maximum limit of HUF is 4 Kg, Trusts and similar entities is 20 Kg
| Issue Opening Date | September 11, 2023 |
| Issue Closing Date | September 15, 2023 |
| Issue Price | ₹ 5,923 |
| Retail Discount | ₹ 50 |
| Retail Price | ₹ 5,873 |
| Allotment Date | September 20, 2023 |
| Interest | 2.50% PA - Paid half-yearly |
| Redemption Month | September, 2031 |
| Interest Payment Date | March 20, 2024 - September 20, 2024 |
| NSE Symbol | SGBSEP31II |
| ISIN | IN0020230093 |
| Retail Price | ₹ 5,873 |
| Interest | 2.50% PA - Paid half-yearly |
| LTP | ₹ 7,426 |
| Interest Income* | ₹ 172 |
| Total Profit/Loss | ₹ 1,725 |
| Profit/Loss Percent | 29 % |
*Interest is calculated as on today