Subscription limits for sovereign gold bonds clarified; pricing tied to bullion average and digital payment discount applies. Denominations are in gram units with minimum and fiscal-year subscription ceilings by investor class; the annual ceiling covers initial tranches and secondary-market purchases, applies to the first applicant in joint holdings, and excludes collateral holdings by banks and financial institutions. Nominal value is set in Indian Rupees by the simple average of the closing price of 999 purity gold published by the India Bullion and Jewellers Association Limited for the three working days before the subscription period. An issue-price discount applies for online applications paid digitally.
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Subscription limits for sovereign gold bonds clarified; pricing tied to bullion average and digital payment discount applies.
Denominations are in gram units with minimum and fiscal-year subscription ceilings by investor class; the annual ceiling covers initial tranches and secondary-market purchases, applies to the first applicant in joint holdings, and excludes collateral holdings by banks and financial institutions. Nominal value is set in Indian Rupees by the simple average of the closing price of 999 purity gold published by the India Bullion and Jewellers Association Limited for the three working days before the subscription period. An issue-price discount applies for online applications paid digitally.
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