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Sovereign Gold Bonds 2019-20-Series-X

Sovereign Gold Bonds 2019-20-Series-X opens on Monday and the issue price has been fixed at ₹4,260 per gram.

Sovereign Gold Bonds 2019-20-Series-X, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from March 2, 2020 to March 6, 2020. The Bonds will be issued on the March 11, 2020. The issue price is ₹4,260 per gram of gold. Special discount of ₹4,210 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 ₹4,210 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-X Details
Issue Opening Date March 2, 2020
Issue Closing Date March 6, 2020
Issue Price ₹ 4,260
Retail Discount ₹ 50
Retail Price ₹ 4,210
Allotment Date March 11, 2020
Interest 2.50% PA - Paid half-yearly
Redemption Month March, 2028
Interest Payment Date September 11, 2020 - March 11, 2021
Sovereign Gold Bonds 2019-20-Series-X Preformance
NSE Symbol SGBMAR28X
ISIN IN0020190552
Retail Price ₹ 4,210
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,300
Interest Income* ₹ 459
Total Profit/Loss ₹ 3,549
Profit/Loss Percent 84 %

*Interest is calculated as on today