![]() ![]() However, the maximum limit of subscription shall be 4 Kg for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal year (April-March) notified by the Government from time to time.Ĩ] Redemption price: The redemption price under sovereign gold bond scheme will be in Indian Rupees based on simple average of closing price of gold of 999 purity, of previous three working days published by IBJA.ĩ] Sovereign gold bond interest rate: The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.ġ0] Should you apply: Giving 'subscribe' tag to Sovereign gold bond scheme 2023-24 series 2, Sugandha Sachdeva, Executive Director & Chief Strategist at Acme Investment Advisors said, "Gold prices have been trading slightly subdued after testing record highs of Rs.61,845 per 10 grams during the second quarter of 2023. ![]() This means, Sovereign gold bond scheme 2023-24 series 2 will be available from Monday to Friday next week.Ĥ] How to apply: Sovereign gold bond scheme 2023-24 series 2 will be sold through banks, Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognised stock exchanges - the NSE and the BSE.ĥ] Eligibility: The sovereign gold bond scheme is restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.Ħ] Tenor: The tenor of the sovereign gold bond scheme will be for a period of eight years with an option of premature redemption after 5th year to be exercised on the date on which interest is payable.ħ] Investment limit: Minimum permissible investment limit in sovereign gold bond scheme is one gram. Important sovereign gold bond September 2023 detailsġ] Sovereign gold bond price: The RBI has fixed issue price at ₹5,923 per 10 gm.Ģ] Sovereign gold bond discount: The RBI has announced ₹50 per 10 gm discount for online applicants to the new tranche of sovereign gold bond September 2023.ģ] Sovereign gold bond date: The RBI has announced that second tranche of sovereign gold bond 2023 will open for subscription on 11th September 2023 and it will remain open for bidding till 15th September 2023. Sovereign gold bond scheme 2023-24 series 2 will be sold through banks, Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognised stock exchanges - the NSE and the BSE.
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