The Sovereign Gold Bond will be open for subscription for the period from January 18 to 22, 2016. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 2,600/- (Rupees Two Thousand Six Hundred only) per gram of gold. The rate has been fixed on the basis of simple average of closing price for gold of 999 purity of the previous week (January 11-15, 2016) published by the India Bullion and Jewellers Association Ltd (IBJA).

This issue is in terms of GoI notification F.No.4(19)-W&M/2014 and the Reserve Bank circular IDMD.CDD.No.1573/14.04.050/2015-16 dated January 14, 2016.

Ajit Prasad

 Assistant Adviser

Sovereign Gold Bond issue price fixed on simple average of prior week's high-purity gold closing prices under Scheme rules. Sovereign Gold Bond subscription for the tranche is opened for a defined window and the issue price is fixed per gram of high-purity gold by reference to the simple average of prior week's published closing prices. The price determination and issuance are authorised under the Scheme's implementing notification and a central bank circular.