Sovereign Gold Bonds 2023-24-Series-I opens on Monday and the issue price has been fixed at ₹5,926 per gram.
Sovereign Gold Bonds 2023-24-Series-I, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from June 19, 2023 to June 23, 2023. The Bonds will be issued on the June 27, 2023. The issue price is ₹5,926 per gram of gold. Special discount of ₹5,876 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 ₹5,876 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 | June 19, 2023 |
Issue Closing Date | June 23, 2023 |
Issue Price | ₹ 5,926 |
Retail Discount | ₹ 50 |
Retail Price | ₹ 5,876 |
Allotment Date | June 27, 2023 |
Interest | 2.50% PA - Paid half-yearly |
Redemption Month | June, 2031 |
Interest Payment Date | December 27, 2023 - June 27, 2024 |
NSE Symbol | SGBJUN31I |
ISIN | IN0020230069 |
Retail Price | ₹ 5,876 |
Interest | 2.50% PA - Paid half-yearly |
LTP | ₹ 7,419 |
Interest Income* | ₹ 190 |
Total Profit/Loss | ₹ 1,733 |
Profit/Loss Percent | 29 % |
*Interest is calculated as on today