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Sovereign Gold Bonds 2019-20-Series-IX

Sovereign Gold Bonds 2019-20-Series-IX opens on Monday and the issue price has been fixed at ₹4,070 per gram.

Sovereign Gold Bonds 2019-20-Series-IX, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from February 3, 2020 to February 7, 2020. The Bonds will be issued on the February 11, 2020. The issue price is ₹4,070 per gram of gold. Special discount of ₹4,020 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 ₹4,020 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-IX Details
Issue Opening Date February 3, 2020
Issue Closing Date February 7, 2020
Issue Price ₹ 4,070
Retail Discount ₹ 50
Retail Price ₹ 4,020
Allotment Date February 11, 2020
Interest 2.50% PA - Paid half-yearly
Redemption Month February, 2028
Interest Payment Date August 11, 2020 - February 11, 2021
Sovereign Gold Bonds 2019-20-Series-IX Preformance
NSE Symbol SGBFEB28IX
ISIN IN0020190545
Retail Price ₹ 4,020
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,400
Interest Income* ₹ 446
Total Profit/Loss ₹ 3,826
Profit/Loss Percent 95 %

*Interest is calculated as on today