What is the SGB issue price?
“ 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 working days of the week preceding the subscription period, i.e. August 17, August 18, and August 19, 2022 works out to Rs 5,197/- per gram of gold.The issue price of SGBs will be reduced by Rs 50 per gramme for investors who subscribe online and pay digitally. The issue price of a gold bond for such investors will be Rs 5,147 per gram of gold,” stated an RBI notification issued on August 19, 2022.
