RBI set Issue Price of Sovereign Gold Bond 2016 – Series II

By | March 5, 2016

Source Reserve Bank of India

In terms of GoI notification F.No.4(19)-W&M/2014 and RBI circular IDMD.CDD.No. 2020/14.04.050/2015-16 dated March 4, 2016, the third tranche of the Sovereign Gold Bond will be open for subscription from March 8 to 14, 2016. The issue price of the Sovereign Gold Bond for the third tranche has been fixed at Rs.2916/- (Rupees Two Thousand Nine Hundred Sixteen only) per gram of gold. The rate has been fixed on the basis of simple average of closing price for gold of 999 purity of the previous week (February 29, 2016 to March 4, 2016) published by the India Bullion and Jewellers Association Ltd. (IBJA).

Ajit Prasad
Assistant Adviser

Press Release: 2015-2016/2094

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