INSUBCONTINENT EXCLUSIVE:
The Sovereign Gold Bonds come with a maturity period of eight years.Sovereign Gold Bonds: Bonds under the government's Sovereign Gold Bond
programme are available for purchase till Friday, January 1, 2021
For the current series, an issue price of Rs 5,000 per unit is applicable
One unit is equivalent to the price of one gram of gold in the spot market
But how is this price calculated?The issue price for gold bonds is calculated using a simple average of prices provided by Mumbai-based
10Rs 4,852VAugust 3 - August 7Rs 5,334VIAugust 30 - September 4Rs 5,067VIIOctober 12 - October 16Rs 5,051VIIINovember 9 - November 13Rs
5,177IXDecember 28 - January 1Rs 5,000Closing rates of three days prior to the first day of subscription are taken into account, to arrive
at this simple average.DateClosing Price (Per Gram)December 22Rs 5,013.90December 23Rs 4,985.10December 24Rs 4,999.50AverageRs
4,999.50(Source: ibjarates.com)For the ninth tranche of Sovereign Gold Bonds, the issue price of Rs 5,000 is calculated on the basis of gold
represents the current value of a gram of gold
