GOI Series-III Sovereign Gold Bonds – next Subscription period – December 4-6 2017

Issue price shall be ₹ 2,952 per gram with Settlement on December 11, 2017.

The Government of India, in consultation with the Reserve Bank of India (RBI), had floated Series III of Sovereign Gold Bonds 2017-18, for the period from October 09, 2017 to December 27, 2017 (with subscription period Monday to Wednesday every week). The Bonds will be issued on the succeeding Monday after each subscription period.

For the next subscription period i.e. December 4 - 6, 2017, the issue price shall be ₹ 2,952 (Rupees Two thousand Nine hundred Fifty Two only) – per gram with Settlement on December 11, 2017, as also published by RBI in their Press Release dated November 30, 2017.

The Government of India in consultation with the Reserve Bank of India (RBI),has decided to allow discount of ₹ 50 (Rupees Fifty) per gram from the issue price to those investors who apply online and the payment is made through digital mode.

Sovereign Gold Bond issue price set and online digital payments allowed a discount for subscribers during next subscription period. Announcement fixes the issuance terms for the Sovereign Gold Bonds Series III: subscriptions are accepted Monday-Wednesday weekly, bonds are issued the Monday after each subscription period, and a settlement date for allotment is provided. The Government, in consultation with monetary authorities, allows a discount per gram for applicants who subscribe online and pay through digital modes, specifying the discounted payment mechanism and the subscription-to-issuance timetable.