Reserve Bank of India vide Press Release dt.,
February 26,2021 announced the issuance price for Sovereign Gold Bond Scheme 2020-21 -
Series XII.
The issuance price is ₹4,662/-
(Rupees Four thousand six hundred and sixty-two only) per gram of gold.
The issuance price of the bond is
calculated 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
business days of the week preceding the subscription period, i.e. February 24 -
26, 2021.
The base notification for the issuance
of the Sovereign Gold Bonds are 01) GoI notification F.No.4(4)-B(W&M)/2020
02) RBI circular IDMD.CDD. No.730/14.04.050/2020-21, dated October 09, 2020
The issuance window is open for
subscription for the period from March 01, 2021(Monday) to March 05, 2021
(Friday).
February
24, 2021: IBJA Gold 999 Purity Rate @ INR4,658
February
25, 2021: IBJA Gold 999 Purity Rate @ INR4,626
February
26, 2021: IBJA Gold 999 Purity Rate @ INR4,684
Total
for 3 Days @ INR13,968
Average
Price for the 3 Days @ INR4,656
To boost Digital Transactions, a
discount of INR50/- per gram less than the nominal value is offered to
investors applying online mode and payment made via digital mode.
For such investors, the issue price
of Gold Bond will be ₹4,612/- (Rupees Four thousand six
hundred and twelve only) per gram of gold.
The online window opens at 12.01am March
01, 2021 and closes at 11.59pm March 05, 2021.
Series XII will be the last tranche
for the financial year 2021-2022
