Sovereign Gold Bonds 2019-20-Series-IV

Sovereign Gold Bonds 2019-20-Series-IV opens on Monday and the issue price has been fixed at ₹3,890 per gram.

Sovereign Gold Bonds 2019-20-Series-IV, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from September 9, 2019 to September 13, 2019. The Bonds will be issued on the September 17, 2019. The issue price is ₹3,890 per gram of gold. Special discount of ₹3,840 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 ₹3,840 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-IV Details
Issue Opening Date September 9, 2019
Issue Closing Date September 13, 2019
Issue Price ₹ 3,890
Retail Discount ₹ 50
Retail Price ₹ 3,840
Allotment Date September 17, 2019
Interest 2.50% PA - Paid half-yearly
Redemption Month September, 2027
Interest Payment Date March 17, 2020 - September 17, 2020
Sovereign Gold Bonds 2019-20-Series-IV Preformance
ISIN IN0020190115
Retail Price ₹ 3,840
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,379
Interest Income* ₹ 465
Total Profit/Loss ₹ 4,004
Profit/Loss Percent 104 %

*Interest is calculated as on today