RBI opens Sovereign Gold Bond Scheme 2023-24 Series II for subscription from 11 September.
RBI has fixed the issue price at Rs 5,923 per gram.
The issue price is calculated on the basis of the simple average of the closing price for gold of 999 purity.
Those investors who will apply online and make digital payments will get a discount of Rs 50 per gram.
The subscription period for the bonds is set from September 11 to September 15.
These bonds can be purchased by investors through various channels, including banks, Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognized stock exchanges like NSE and BSE.
The Sovereign Gold Bond Scheme was launched in November 2015.
Its aim is to encourage financial savings over physical gold purchases.
