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Sovereign Gold Bonds 2023-24-Series-III

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

Sovereign Gold Bonds 2023-24-Series-III Details
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
Sovereign Gold Bonds 2023-24-Series-III Preformance
NSE Symbol SGBDE31III
ISIN IN0020230168
Retail Price ₹ 6,149
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,430
Interest Income* ₹ 86
Total Profit/Loss ₹ 1,367
Profit/Loss Percent 22 %

*Interest is calculated as on today