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    SGB40 Issue Price

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    AkashTripathi
    The Reserve Bank of India announced the issue price for the Sovereign Gold Bond Scheme 2020-21 Series III, which will be open for subscription from June 08-12, 2020. The nominal price per gram of gold was set at ₹4,677 based on the previous week's closing prices. For online investors paying digitally, the issue price will be ₹4,627 per gram, which is a ₹50 discount from the nominal price. The goal of the Sovereign Gold Bond scheme is to reduce demand for physical gold and develop gold as an asset class.

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    SGB40 Issue Price

    Uploaded by

    AkashTripathi
    41 views1 page
    The Reserve Bank of India announced the issue price for the Sovereign Gold Bond Scheme 2020-21 Series III, which will be open for subscription from June 08-12, 2020. The nominal price per gram of gold was set at ₹4,677 based on the previous week's closing prices. For online investors paying digitally, the issue price will be ₹4,627 per gram, which is a ₹50 discount from the nominal price. The goal of the Sovereign Gold Bond scheme is to reduce demand for physical gold and develop gold as an asset class.

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    SGB40-ISSUE-PRICE

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    The Reserve Bank of India announced the issue price for the Sovereign Gold Bond Scheme 2020-21 Series III, which will be open for subscription from June 08-12, 2020. The nominal price per gram of gold was set at ₹4,677 based on the previous week's closing prices. For online investors paying digitally, the issue price will be ₹4,627 per gram, which is a ₹50 discount from the nominal price. The goal of the Sovereign Gold Bond scheme is to reduce demand for physical gold and develop gold as an asset class.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views1 page

    SGB40 Issue Price

    Uploaded by

    AkashTripathi
    The Reserve Bank of India announced the issue price for the Sovereign Gold Bond Scheme 2020-21 Series III, which will be open for subscription from June 08-12, 2020. The nominal price per gram of gold was set at ₹4,677 based on the previous week's closing prices. For online investors paying digitally, the issue price will be ₹4,627 per gram, which is a ₹50 discount from the nominal price. The goal of the Sovereign Gold Bond scheme is to reduce demand for physical gold and develop gold as an asset class.

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    �ेस �काशनी PRESS RELEASE

    भारतीय �रज़व� ब� क
    RESERVE BANK OF INDIA
    संचार िवभाग, क� �ीय कायार्लय, एस.बी.एस.मागर्, मुंबई-400001
    0वेबसाइट : www.rbi.org.in/hindi
    _____________________________________________________________________________________________________________________
    Department of Communication, Central Office, S.B.S.Marg, Mumbai-400001 Website : www.rbi.org.in
    फोन/Phone: 022- 22660502 ई-मेल/email: helpdoc@rbi.org.in

    June 05, 2020

    Sovereign Gold Bond Scheme 2020-21 Series III-Issue Price


    In terms of GoI notification F.No.4(4)-B(W&M)/2020 and RBI circular
    IDMD.CDD.No.2729/14.04.050/2019-20 dated April 13, 2020, the Sovereign Gold Bond
    Scheme 2020-21-Series III will be opened for subscription for the period from June 08,
    2020 to June 12, 2020. The nominal value of the bond based on the simple average
    closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold
    of 999 purity of the last three business days of the week preceding the subscription
    period, i.e. June 03 – June 05, 2020 works out to ₹4,677/- (Rupees Four Thousand Six
    Hundred and Seventy Seven only) per gram of gold.

    Government of India, in consultation with the Reserve Bank of India, has decided to
    offer a discount of ₹50/- per gram less than the nominal value to those investors applying
    online and the payment against the application is made through digital mode. For such
    investors, the issue price of Gold Bond will be ₹4,627/- (Rupees Four Thousand Six
    Hundred and Twenty Seven only) per gram of gold.

    (Yogesh Dayal)
    Press Release: 2019-2020/2461 Chief General Manager

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