Sovereign Gold Bonds 2019-20-Series-II opens on Monday and the issue price has been fixed at ₹3,443 per gram.
Sovereign Gold Bonds 2019-20-Series-II, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from July 8, 2019 to July 12, 2019. The Bonds will be issued on the July 16, 2019. The issue price is ₹3,443 per gram of gold. Special discount of ₹3,393 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 ₹3,393 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 | July 8, 2019 |
| Issue Closing Date | July 12, 2019 |
| Issue Price | ₹ 3,443 |
| Retail Discount | ₹ 50 |
| Retail Price | ₹ 3,393 |
| Allotment Date | July 16, 2019 |
| Interest | 2.50% PA - Paid half-yearly |
| Redemption Month | July, 2027 |
| Interest Payment Date | January 16, 2020 - July 16, 2020 |
| NSE Symbol | SGBJUL27 |
| ISIN | IN0020190081 |
| Retail Price | ₹ 3,393 |
| Interest | 2.50% PA - Paid half-yearly |
| LTP | ₹ 7,420 |
| Interest Income* | ₹ 439 |
| Total Profit/Loss | ₹ 4,466 |
| Profit/Loss Percent | 132 % |
*Interest is calculated as on today