Sovereign Gold Bond scheme announced: Check subscription dates, issue price

RBI will put Sovereign Gold Bonds VII up for subscriptions starting from October 25. 

New Delhi: The Reserve Bank of India is all set to put the seventh tranche of Sovereign Gold Bonds up for subscriptions starting from October 25. The issue will be open till October 29 and the settlement date has been set at November 2.

For the 7th Sovereign Gold Bond 2021-22, the RBI has fixed the issue price at Rs 4,765 per gram of gold, according to a notification by the Ministry of Finance. 

"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," the Ministry said.