Sovereign Gold Bonds 2018-19-Series-III opens on Monday and the issue price has been fixed at ₹3,183 per gram.
Sovereign Gold Bonds 2018-19-Series-III, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from November 5, 2018 to November 9, 2018. The Bonds will be issued on the November 13, 2018. The issue price is ₹3,183 per gram of gold. Special discount of ₹3,133 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 ₹3,133 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 | November 5, 2018 |
| Issue Closing Date | November 9, 2018 |
| Issue Price | ₹ 3,183 |
| Retail Discount | ₹ 50 |
| Retail Price | ₹ 3,133 |
| Allotment Date | November 13, 2018 |
| Interest | 2.50% PA - Paid half-yearly |
| Redemption Month | November, 2026 |
| Interest Payment Date | May 13, 2019 - November 13, 2019 |
| NSE Symbol | SGBNOV26 |
| ISIN | IN0020180314 |
| Retail Price | ₹ 3,133 |
| Interest | 2.50% PA - Paid half-yearly |
| LTP | ₹ 7,275 |
| Interest Income* | ₹ 458 |
| Total Profit/Loss | ₹ 4,600 |
| Profit/Loss Percent | 147 % |
*Interest is calculated as on today