The issue price for the sixth tranche of the Sovereign Gold Bond Scheme has been fixed at Rs 5,117 per gram, the RBI said in a statement on Friday. The Sovereign Gold Bond Scheme 2020-21 series VI will open for subscription on August 31, 2020 and close on September 4, 2020.The issue price for the bonds (series V), which were open for subscription from August 3 to August 7, was Rs 5,334 per gram of gold.“The nominal value of the bond based on the simple average closing price for gold of 999 purity of the last three business days of the week preceding the subscription period, i.E. August 26 – August 28, 2020, works out to Rs 5,117 per gram of gold,” the Reserve Bank said.It further said the government, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.
