In terms of the Government of India Notification No. F. No. 4(7)-B(W&M)/2019 dated September 30, 2019, Sovereign Gold Bonds 2019-20 (Series VII) will be opened for the period December 02-06, 2019. The issue price of the Bond during this subscription period shall be ₹ 3,795 (Rupees Three Thousand Seven Hundred Ninety Five only) – per gram with Settlement date December 10, 2019, as also published by RBI in their Press Release dated November 29, 2019.

The 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 apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be ₹ 3,745 (Rupees Three Thousand Seven Hundred Forty Five only) per gram of gold.        

Sovereign Gold Bond issue price set; online applicants paying digitally receive a specified per gram discount during the subscription period. Sovereign Gold Bond 2019-20 (Series VII) fixes the per gram issue price and settlement date for the subscription period, and provides a specified per gram discount for investors who apply online and pay through digital modes, with the discount made an operative issuance condition following government notification.