The issue price of the next offering of the Sovereign Gold Bond (SGB) scheme opening on Tuesday has been revised slightly upwards to Rs 2,881 per gram, from Rs 2,866 in the previous week, according to the Reserve Bank of India (RBI). For the SBG subscription during December 26-27, the issue price has been fixed at Rs 2,881 per gram, with settlement on the New Year, January 1, 2018, a RBI release said on Friday.
The Government of India, in consultation with the Reserve Bank of India, has decided to allow discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode.
The subscription period is from Monday to Wednesday every week, while the bonds will be issued on the succeeding Monday after each subscription period, it added.
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