In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated May 12, 2021, the Sovereign Gold Bond Scheme 2021-22 - Series III will be open for subscription for the period from May 31, 2021 to June 04, 2021. 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 working days of the week preceding the subscription period, i.e. May 26, May 27 and May 28, 2021 works out to ₹4,889/- (Rupees Four thousand eight hundred and eighty-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 ₹4,839/- (Rupees Four thousand eight hundred and thirty-nine only) per gram of gold.

(Yogesh Dayal)    

Chief General Manager

Sovereign Gold Bond pricing: online applicants paying digitally receive a discount, lowering the issue price for eligible investors. Determination of the Sovereign Gold Bond Series III issue price uses the simple average of IBJA-published closing prices for 999 purity gold for the three working days preceding the subscription period to establish the nominal value per gram. A discount applies to applicants who apply online and pay via digital modes, yielding a reduced issue price for those eligible.