Sovereign Gold Bond rate fixed at Rs 2,971 per gram

Source: The Hitavada      Date: 22 Oct 2017 11:49:18


NEW DELHI,

Oct 21,

(PTI),

THE Government has fixed the purchase price of Sovereign Gold Bond (SGB) at Rs 2,971 per gram. For the subscription period from October 23-25, the issue price will be Rs 2,971 per gram with Settlement on October 30, a Finance Ministry statement said on  Saturday.

This is part of SGB calender announced till December spread over 12 weeks. As per the calender, it will open for subscription from Monday to Wednesday of every week starting from October 9 until December 27. The first tranche under this closed on October 11.