Sovereign Gold Bonds 2019-20-Series-III

Sovereign Gold Bonds 2019-20-Series-III opens on Monday and the issue price has been fixed at ₹3,499 per gram.

Sovereign Gold Bonds 2019-20-Series-III, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from August 5, 2019 to August 9, 2019. The Bonds will be issued on the August 14, 2019. The issue price is ₹3,499 per gram of gold. Special discount of ₹3,449 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 ₹3,449 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 2019-20-Series-III Details
Issue Opening Date August 5, 2019
Issue Closing Date August 9, 2019
Issue Price ₹ 3,499
Retail Discount ₹ 50
Retail Price ₹ 3,449
Allotment Date August 14, 2019
Interest 2.50% PA - Paid half-yearly
Redemption Month August, 2027
Interest Payment Date February 14, 2020 - August 14, 2020
Sovereign Gold Bonds 2019-20-Series-III Preformance
ISIN IN0020190107
Retail Price ₹ 3,449
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,650
Interest Income* ₹ 425
Total Profit/Loss ₹ 4,626
Profit/Loss Percent 134 %

*Interest is calculated as on today