In terms of GoI notification F.No.4(4)-B(W&M)/2020 and RBI circular IDMD.CDD.No.2729/14.04.050/2019-20 dated April 13, 2020, the Sovereign Gold Bond Scheme 2020-21-Series I will be opened for subscription for the period from April 20, 2020 to April 24, 2020.. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. April 15 - April 17, 2020 works out to ₹ 4,639/- (Rupees Four Thousand Six Hundred and Thirty Nine only) per gram of gold.

Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹ 50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be ₹ 4,589/- (Rupees Four Thousand Five Hundred and Eighty Nine only) per gram of gold.

Yogesh Dayal    

Chief General Manager

Sovereign Gold Bond issue price set with an online digital payment discount available to eligible electronic applicants. Sovereign Gold Bond 2020-21 Series I fixes the bond's nominal value per gram by reference to the simple average closing price for 999 purity gold for the three business days preceding the subscription week and opens subscription from April 20-24, 2020. Eligible applicants who apply online and pay through digital modes receive a per gram discount off that nominal value, reducing the payable issue price for such digital online applications.