Government of India, in consultation with the Reserve Bank of India, had floated Series III of Sovereign Gold Bonds 2017-18, for a 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 18-20, 2017, the issue price shall be ₹2,866 (Rupees Two Thousand Eight Hundred Sixty Six only) – per gram with Settlement on December 26, 2017, as also published by RBI in their Press Release dated December 15, 2017.

Government of India in consultation with the Reserve Bank of India, 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 subscription: online digital payments receive a per gram discount and settlement follows each subscription window. Sovereign Gold Bond Series III set a specified issue price per gram for each subscription window with bonds issued on the Monday succeeding each three day subscription period and a settlement date tied to that window. The Government, in consultation with the central bank, allowed a per gram discount for investors who apply online and make payment through digital modes, linking the preferential price to the online application and digital payment condition.