Government to offer discounts in forthcoming gold bond scheme

Centre in consultation with the Reserve Bank of India will allow a discount of Rs 50 per gram from the issue price
Government to offer discounts in forthcoming gold bond scheme
The issue price of the bond in the scheme which opens on December 28 is Rs 5,000 per gramSakal Media Group

New Delhi: The government will give a discount in its forthcoming gold bond scheme to investors who apply online using the digital mode.

Accordingly, the Centre in consultation with the Reserve Bank of India will allow a discount of Rs 50 per gram from the issue price to investors using the digital medium for the subscription.

The issue price of the bond in the scheme which opens on December 28 is Rs 5,000 per gram. But investors getting a discount will be allowed to subscribe to the bond at Rs 4,950.

Sovereign Gold Bonds 2020-21 (Series IX) will be opened for the period December 28, 2020 - January 1, 2021, with a settlement date of January 5, 2021.

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