ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • AMC Sector: Growth-oriented funds lead the strong inflows in sector, says BK Securities – check key triggers
  • Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang
  • Chemical sector may report growth in operating profit both sequentially and YoY in Q1FY23 – Check details here
  • Finance Ministry empanels 12 transaction advisers for assisting in implementation of Public Private Partnership projects
  • Stock market on Monday: Market may continue its volatile trade, believes Anil Singhvi - crude, rupee movement key monitorable
Read in App
Business News » India News

Sovereign Gold Bond scheme 2019: Price fixed at Rs 3,196 per gram; Do this for discount

Sovereign Gold Bond Scheme 2019: The government, in consultation with the Reserve Bank of India, has announced the new series of Sovereign Gold Bonds (SGBs). 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Sovereign Gold Bond scheme 2019: Price fixed at Rs 3,196 per gram; Do this for discount
For the new series of SGBs opening Monday, the government has fixed the price at Rs 3,196 per gram. Image source: Reuters

Sovereign Gold Bond Scheme 2019: The government, in consultation with the Reserve Bank of India, has announced the new series of Sovereign Gold Bonds (SGBs). For the new series of SGBs opening Monday, the government has fixed the price at Rs 3,196 per gram. The investors who apply online and the payment is made through digital mode will be given a discount of Rs 50 per gram.  So, if you want to get a discount, make payment through online mode. 

RBI in a statement on May 31, 2019, said that the Sovereign Gold Bond Scheme 2019-20 (Series I) will be opened for subscription for the period from June 3 to June 7, 2019. The Settlement date for this has been set as June 11, 2019.

"Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs. 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be `3,146 (Rupees Three Thousand One Hundred Forty Six only) per gram of gold," the statement said. The apex bank has issued the calender of SGB issuance for the first half of the current financial year.

"The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by the government and those purchased from the Secondary Market," it said.

The sovereign gold bond scheme was launched in 2015  with the objective to reduce the demand for physical gold. Broadly a part of the domestic savings that used for the purchase of gold to shift into financial savings. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
goldSovereign Gold Bond Scheme
Written By: ZeeBiz WebTeam
Updated: Sat, Jun 01, 2019
12:10 pm
ZeeBiz WebDesk
RELATED NEWS
Gold Price Today: Investors with short term view must book profits now; import duty hike, rupee weakness may arrest price correction, temporarily Gold Price Today: Investors with short term view must book profits now; import duty hike, rupee weakness may arrest price correction, temporarily
Gold Price Today: Weaker Rupee to hold yellow metal slide domestically, amid strengthening Dollar; analyst suggests strategy Gold Price Today: Weaker Rupee to hold yellow metal slide domestically, amid strengthening Dollar; analyst suggests strategy
Gold investment strategy: Picking right instrument is the key, says this expert; this is what he suggests Gold investment strategy: Picking right instrument is the key, says this expert; this is what he suggests
Sovereign Gold Bonds: Last day to subscribe SGB Series 1; issue price at Rs 5,091 per gram, Rs 50 discount for online applicants Sovereign Gold Bonds: Last day to subscribe SGB Series 1; issue price at Rs 5,091 per gram, Rs 50 discount for online applicants
Gold Price Today: From intraday trading strategy in MCX Gold, Silver futures to outlook, here is all you need to know Gold Price Today: From intraday trading strategy in MCX Gold, Silver futures to outlook, here is all you need to know

LATEST NEWS

ED provisionally attaches Rs 96 crore assets of TRS MP promoted Madhucon Group

Battery startup Log9 Materials showcases EVs for last-mile delivery at Green Vehicle Expo

Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang -

Rakesh Jhunjhunwala Stocks: Agrochemical firm Rallis India shares may surge by 23% despite pressure on margins – Here’s why?

Chemical sector may report growth in operating profit both sequentially and YoY in Q1FY23 – Check details here

AMC Sector: Growth-oriented funds lead the strong inflows, says BK Securities – check key triggers

YouTube's new tools to combat comment spam, account imitators

Stock market on Monday: Market may continue its volatile trade, believes Anil Singhvi - crude, rupee movement key monitorable

India moves to leadership position in large-value digital payment system, RBI report

Finance Ministry empanels 12 transaction advisers for assisting in implementation of Public Private Partnership projects

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV