In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated October 21, 2021, the Sovereign Gold Bond Scheme 2021-22 - Series VII will be open for subscription for the period from October 25 – 29, 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 business days of the week preceding the subscription period, i.e. October 20, October 21 and October 22, 2021 works out to ₹4,761/- (Rupees Four thousand seven hundred and sixty-one 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 on 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 ₹4,711/- (Rupees Four thousand seven hundred and eleven only) per gram of gold.

Ajit Prasad

Director

Sovereign Gold Bond pricing: subscription window set and online digital payment discount reduces issue price. Issuance terms fix the nominal value per gram by reference to the simple average of closing prices for 999 purity gold for the last three business days preceding the subscription period. Investors applying online and paying through digital modes receive a per gram discount on the nominal value, producing a reduced issue price for such applications.