<h1>Sovereign Gold Bond Scheme opens for subscription; bonds denominated in grams with interest and capital-gains tax benefits.</h1> The Sovereign Gold Bond Scheme tranche offers bonds denominated in grams of gold and payable in rupees to resident Indian entities, subject to minimum and maximum investment limits. Bonds carry periodic interest, are issued in demat or paper form, and their issue price is tied to the industry-published average gold price. The bonds have an eight-year tenor with an exit option from the fifth year, require standard KYC, are distributed through banks, post offices and SHCIL, and provide capital-gains tax exemption with indexation benefits on qualifying transfers.