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Sovereign Gold Bonds 2018-19-Series-III

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

Sovereign Gold Bonds 2018-19-Series-III Details
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
Sovereign Gold Bonds 2018-19-Series-III Preformance
NSE Symbol SGBNOV26
ISIN IN0020180314
Retail Price ₹ 3,133
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,275
Interest Income* ₹ 445
Total Profit/Loss ₹ 4,587
Profit/Loss Percent 146 %

*Interest is calculated as on today