India announces dates, price for latest sovereign gold bond scheme

The Indian government said in a statement that Sovereign Gold Bonds 2020-21 (Series IX) will be opened for the period December 28 – January 1 with Settlement date January 05, 2021.

The issue price of the bond during the subscription period shall be Rs 5,000/gram, as also informed by the Reserve Bank of India (RBI).

The government, in consultation with the RBI has decided to allow discount of Rs 50/gram from the issue price to those investors who apply online and the payment is made through digital mode, the statement said.

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