Sovereign Gold Bonds 2019-20-Series-VI opens on Monday and the issue price has been fixed at ₹3,835 per gram.
Sovereign Gold Bonds 2019-20-Series-VI, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from October 21, 2019 to October 25, 2019. The Bonds will be issued on the October 30, 2019. The issue price is ₹3,835 per gram of gold. Special discount of ₹3,785 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 ₹3,785 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 | October 21, 2019 |
| Issue Closing Date | October 25, 2019 |
| Issue Price | ₹ 3,835 |
| Retail Discount | ₹ 50 |
| Retail Price | ₹ 3,785 |
| Allotment Date | October 30, 2019 |
| Interest | 2.50% PA - Paid half-yearly |
| Redemption Month | October, 2027 |
| Interest Payment Date | April 30, 2020 - October 30, 2020 |
| NSE Symbol | SGBOCT27VI |
| ISIN | IN0020190388 |
| Retail Price | ₹ 3,785 |
| Interest | 2.50% PA - Paid half-yearly |
| LTP | ₹ 7,300 |
| Interest Income* | ₹ 462 |
| Total Profit/Loss | ₹ 3,977 |
| Profit/Loss Percent | 105 % |
*Interest is calculated as on today