Sovereign Gold Bonds 2023-24-Series-I

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

Sovereign Gold Bonds 2023-24-Series-I Details
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
Sovereign Gold Bonds 2023-24-Series-I Preformance
ISIN IN0020230069
Retail Price ₹ 5,876
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,419
Interest Income* ₹ 156
Total Profit/Loss ₹ 1,699
Profit/Loss Percent 29 %

*Interest is calculated as on today