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Sovereign Gold Bonds 2019-20-Series-VIII

Sovereign Gold Bonds 2019-20-Series-VIII opens on Monday and the issue price has been fixed at ₹4,016 per gram.

Sovereign Gold Bonds 2019-20-Series-VIII, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from January 13, 2020 to January 17, 2020. The Bonds will be issued on the January 21, 2020. The issue price is ₹4,016 per gram of gold. Special discount of ₹3,966 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 ₹3,966 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-VIII Details
Issue Opening Date January 13, 2020
Issue Closing Date January 17, 2020
Issue Price ₹ 4,016
Retail Discount ₹ 50
Retail Price ₹ 3,966
Allotment Date January 21, 2020
Interest 2.50% PA - Paid half-yearly
Redemption Month January, 2028
Interest Payment Date July 21, 2020 - January 21, 2021
Sovereign Gold Bonds 2019-20-Series-VIII Preformance
NSE Symbol SGBJ28VIII
ISIN IN0020190537
Retail Price ₹ 3,966
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,310
Interest Income* ₹ 446
Total Profit/Loss ₹ 3,790
Profit/Loss Percent 96 %

*Interest is calculated as on today