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Sovereign Gold Bonds 2023-24-Series-II

Sovereign Gold Bonds 2023-24-Series-II opens on Monday and the issue price has been fixed at ₹5,923 per gram.

Sovereign Gold Bonds 2023-24-Series-II, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from September 11, 2023 to September 15, 2023. The Bonds will be issued on the September 20, 2023. The issue price is ₹5,923 per gram of gold. Special discount of ₹5,873 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 ₹5,873 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-II Details
Issue Opening Date September 11, 2023
Issue Closing Date September 15, 2023
Issue Price ₹ 5,923
Retail Discount ₹ 50
Retail Price ₹ 5,873
Allotment Date September 20, 2023
Interest 2.50% PA - Paid half-yearly
Redemption Month September, 2031
Interest Payment Date March 20, 2024 - September 20, 2024
Sovereign Gold Bonds 2023-24-Series-II Preformance
NSE Symbol SGBSEP31II
ISIN IN0020230093
Retail Price ₹ 5,873
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,426
Interest Income* ₹ 122
Total Profit/Loss ₹ 1,675
Profit/Loss Percent 29 %

*Interest is calculated as on today