Subscription limits for sovereign gold bonds set investor ceilings, gram-denomination, and a pricing concession for digital applicants. Bonds are issued in one-gram units with minimum single subscription of one gram and specified annual ceilings per investor category; limits apply to the first applicant in joint holdings, include initial-issue and secondary-market acquisitions, and exclude holdings held as collateral by banks and financial institutions. Nominal value is the simple average of closing prices for 999 purity gold over the last three working days before subscription; online applicants paying digitally receive an issue-price discount relative to nominal value.
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Provisions expressly mentioned in the judgment/order text.
Subscription limits for sovereign gold bonds set investor ceilings, gram-denomination, and a pricing concession for digital applicants.
Bonds are issued in one-gram units with minimum single subscription of one gram and specified annual ceilings per investor category; limits apply to the first applicant in joint holdings, include initial-issue and secondary-market acquisitions, and exclude holdings held as collateral by banks and financial institutions. Nominal value is the simple average of closing prices for 999 purity gold over the last three working days before subscription; online applicants paying digitally receive an issue-price discount relative to nominal value.
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