Gold Bonds Priced @ INR 2600 Per Gram

New Delhi: The Reserve Bank has fixed the public issue price at Rs 2,600 per gram for the sovereign gold bonds, for which applications will be accepted from today.

The second tranche of sovereign gold bonds and the pricing has been made more attractive as compared to the first tranche when the issue price was Rs 2,684 per gram.

The first tranche of the scheme, which was launched in November, had got a subscription for 915.95 kg gold amounting to Rs 246 crore.

“The issue price of the Sovereign Gold Bond for this tranche has been fixed at Rs 2,600 per gram of gold,” RBI said in a statement. Applications for the bonds will be accepted for five days beginning January 18 to 22.

The rate has been fixed on the basis of simple average of closing price for gold of 999 purity of the previous week (January 11-15, 2016) published by the India Bullion and Jewellers Association Ltd (IBJA), it added.