Sovereign Gold Bond subscription limits and pricing tied to average bullion rates, with a digital-payment discount for online applicants. The scheme sets denominations in units of one gram and multiples, prescribes minimum subscription and annual ceilings for investor categories with ... Summary
Sovereign Gold Bond subscription limits and pricing tied to average bullion rates, with a digital-payment discount for online applicants.
The scheme sets denominations in units of one gram and multiples, prescribes minimum subscription and annual ceilings for investor categories with joint-holding rules, aggregates subscriptions across tranches and secondary-market purchases while excluding collateral holdings from ceilings. The nominal value is fixed in rupees by the simple average of the industry-reported closing price of high-purity gold for the three working days before the subscription period, and an issue price discount applies to applicants who apply online and pay digitally.
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