Sovereign Gold Bonds FY20 Series V issue to open on Monday

According to the Ministry of Finance, the issue price of the Bond during the subscription period shall be Rs 3,788 per gram with a settlement date of October 15, 2019.

New Delhi: The Sovereign Gold Bonds 2019-20, Series V will open for public subscription from October 7-11, an official statement said on Friday.

According to the Ministry of Finance, the issue price of the Bond during the subscription period shall be Rs 3,788 per gram with a settlement date of October 15, 2019.

"Government of India in consultation with the Reserve Bank of India has decided to allow a discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode," a ministry statement said.

"For such investors, the issue price of Gold Bond will be Rs 3,738 per gram of gold."