Sovereign Gold Bonds 2019-20-Series-VII

Sovereign Gold Bonds 2019-20-Series-VII opens on Monday and the issue price has been fixed at ₹3,795 per gram.

Sovereign Gold Bonds 2019-20-Series-VII, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from December 2, 2019 to December 6, 2019. The Bonds will be issued on the December 10, 2019. The issue price is ₹3,795 per gram of gold. Special discount of ₹3,745 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 ₹3,745 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