Subscription limits for sovereign gold bonds restrict annual holdings, set denominations, and provide collateral and joint holding exceptions. The scheme issues bonds in one gram denominations or multiples, sets minimum and annual subscription ceilings by investor category with joint holding and collateral exceptions, and defines pricing by averaging the closing price of 999 purity gold for the three working days before subscription; online digital payments receive a per gram 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 restrict annual holdings, set denominations, and provide collateral and joint holding exceptions.
The scheme issues bonds in one gram denominations or multiples, sets minimum and annual subscription ceilings by investor category with joint holding and collateral exceptions, and defines pricing by averaging the closing price of 999 purity gold for the three working days before subscription; online digital payments receive a per gram issue price discount relative to nominal value.
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