Subscription limits for Sovereign Gold Bonds cap annual holdings and offer pricing discounts for digital payments. Bonds are issued in one gram denominations with a minimum one gram subscription; annual subscription ceilings apply by investor category and include bonds from initial tranches and secondary market purchases, while collateral holdings with banks and financial institutions are excluded from the ceiling. Nominal value is fixed in domestic currency by the simple average closing price of 999 purity gold for the three working days before the subscription period. A per gram pricing concession applies to investors who apply online and pay through digital modes, reducing the issue price below nominal value.
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Provisions expressly mentioned in the judgment/order text.
Subscription limits for Sovereign Gold Bonds cap annual holdings and offer pricing discounts for digital payments.
Bonds are issued in one gram denominations with a minimum one gram subscription; annual subscription ceilings apply by investor category and include bonds from initial tranches and secondary market purchases, while collateral holdings with banks and financial institutions are excluded from the ceiling. Nominal value is fixed in domestic currency by the simple average closing price of 999 purity gold for the three working days before the subscription period. A per gram pricing concession applies to investors who apply online and pay through digital modes, reducing the issue price below nominal value.
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