Govt to give discount to investors under gold bond scheme

As per a statement from the Finance Ministry, for investors using the digit mode for subscription, the issue price of gold bond will be Rs 5,054 per gram of gold.

New Delhi: The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode.

As per a statement from the Finance Ministry, for investors using the digit mode for subscription, the issue price of gold bond will be Rs 5,054 per gram of gold.

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Otherwise, issue price of the bond during the subscription period will be Rs 5,104 per gram.

In terms of an October 9, 2020, notification, Sovereign Gold Bonds 2020-21 (Series X) will open for the period January 11-15, 2021 with Settlement date January 19, 2021.