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Centre To Begin Sovereign Gold Bonds Series II From Aug 22

The issue price of the bond during the subscription period shall be Rs 5,197 per gram

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Sovereign Gold Bonds (SGBs) 2022-23 (Series II) will be opened for subscription during the period August 22-26, 2022 with settlement date August 30, 2022, said a goverment notification.

The issue price of the bond during the subscription period shall be Rs 5,197 per gram. Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs 5,147 per gram of gold. 

The Gold Bond scheme was first introduced in November 2015 with an intention to reduce the physical demand for gold.


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sovereign gold bonds government of india