Issue of last tranche of Sovereign Gold Bond Scheme 2022-23 starts today

The Subscription of the Gold Bonds under this Scheme shall be open between March 6 (Monday) and March 10 (Friday).The Central Government may, with prior notice, close the Scheme at any time before the period specified above. Sovereign Gold Bonds are issued by the Reserve Bank of India (RBI) on behalf of the Centre as an alternative to buying physical gold. This would be the last tranche for this fiscal 2022-23. 

The government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹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 ₹5,611/- (Rupees Five thousand six hundred and eleven only) per gram of gold. The RBI has fixed an issue price of Rs 5,661 per gram of gold and for online application Rs.5611 per gram. In comparison, the RBI offered the issue price of Rs 5,459 per gram and for online application Rs.5409 per gram in December 2022. 

The bonds issued will be denominated in multiples of gram (s) of gold with a basic unit of 1 gram. The tenor of the bond will be for 8 years with an exit option after the 5th year to be exercised on the next interest payment dates. The minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kilograms for individuals, 4 kilograms for HUF, and 20 kilograms for trusts and similar entities per fiscal (April-March).

The bonds will be sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and the National Stock Exchange and BSE. To know how to subscribe to Sovereign Gold Bonds click: the guidelines