Sovereign Gold Bonds 2023-24-Series-III opens on Monday and the issue price has been fixed at ₹6,199 per gram.
Sovereign Gold Bonds 2023-24-Series-III, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from December 18, 2023 to December 22, 2023. The Bonds will be issued on the December 28, 2023. The issue price is ₹6,199 per gram of gold. Special discount of ₹6,149 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 ₹6,149 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 | December 18, 2023 |
| Issue Closing Date | December 22, 2023 |
| Issue Price | ₹ 6,199 |
| Retail Discount | ₹ 50 |
| Retail Price | ₹ 6,149 |
| Allotment Date | December 28, 2023 |
| Interest | 2.50% PA - Paid half-yearly |
| Redemption Month | December, 2031 |
| Interest Payment Date | June 28, 2024 - December 28, 2024 |
| NSE Symbol | SGBDE31III |
| ISIN | IN0020230168 |
| Retail Price | ₹ 6,149 |
| Interest | 2.50% PA - Paid half-yearly |
| LTP | ₹ 7,430 |
| Interest Income* | ₹ 111 |
| Total Profit/Loss | ₹ 1,392 |
| Profit/Loss Percent | 23 % |
*Interest is calculated as on today