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        Case ID :

        Gold Price for Issuance of SGB for subscription period- Dec.24-28, 2018

        December 22, 2018

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        Government of India, in consultation with the Reserve Bank of India, Sovereign Gold Bonds 2018-19 (Series IV) will be opened for the period

        December 24-28, 2018. The issue price of the Bond during this subscription period i.e. December 24-28, 2018, shall be ₹ 3,119 (Rupees Three Thousand One Hundred Nineteen only) – per gram with Settlement on January 01, 2019, as also published by RBI in their Press Release dated December 21, 2018.

        Government of India in consultation with the Reserve Bank of India has decided to allow discount of ₹ 50 (Rupees Fifty only) per gram from the issue price to those investors who applyonline and the payment is made through digital mode. For such investors the issue price of Gold Bond will be ₹ 3,069(Rupees Three Thousand Sixty Nine only) per gram of gold.

        Sovereign Gold Bond pricing updated; discounted issue price for online applicants paying via digital mode during subscription window. Sovereign Gold Bonds 2018 19 (Series IV) are offered for a defined subscription period at a published issue price per gram with a specified settlement date; investors applying online and paying through digital modes receive a discount from the published issue price, producing a lower effective price for eligible digital applicants, as declared by the Government in consultation with the monetary authority.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Sovereign Gold Bond pricing updated; discounted issue price for online applicants paying via digital mode during subscription window.

                                Sovereign Gold Bonds 2018 19 (Series IV) are offered for a defined subscription period at a published issue price per gram with a specified settlement date; investors applying online and paying through digital modes receive a discount from the published issue price, producing a lower effective price for eligible digital applicants, as declared by the Government in consultation with the monetary authority.





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                                ActsIncome Tax
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