The Reserve Bank of India (RBI) stated in a latest update that the Sovereign Gold Bond Scheme 2021-22 – Series IV will be open for subscription for the period from July 12 – 16, 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. July 07, July 08 and July 09, 2021 works out to Rs 4,807 (Rupees Four thousand eight hundred and seven only) per gram of gold. Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs 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 Rs 4,757 (Rupees Four thousand seven hundred and fifty-seven only) per gram of gold.
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