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Sovereign Gold Bonds 2018-19-Series-II

Sovereign Gold Bonds 2018-19-Series-II opens on Monday and the issue price has been fixed at ₹3,146 per gram.

Sovereign Gold Bonds 2018-19-Series-II, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from October 15, 2018 to October 19, 2018. The Bonds will be issued on the October 23, 2018. The issue price is ₹3,146 per gram of gold. Special discount of ₹3,096 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 ₹3,096 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

Sovereign Gold Bonds 2018-19-Series-II Details
Issue Opening Date October 15, 2018
Issue Closing Date October 19, 2018
Issue Price ₹ 3,146
Retail Discount ₹ 50
Retail Price ₹ 3,096
Allotment Date October 23, 2018
Interest 2.50% PA - Paid half-yearly
Redemption Month October, 2026
Interest Payment Date April 23, 2019 - October 23, 2019
Sovereign Gold Bonds 2018-19-Series-II Preformance
NSE Symbol SGBOCT26
ISIN IN0020180249
Retail Price ₹ 3,096
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,497
Interest Income* ₹ 444
Total Profit/Loss ₹ 4,845
Profit/Loss Percent 157 %

*Interest is calculated as on today