Government of India to issue Sovereign Gold Bonds 2017-18 – Series I

The issue price of the Gold Bonds will be Rs. 50 per gram less than the nominal value. The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value

Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series I. Applications for the bond will be accepted from April 24, 2017 to April 28, 2017. The Bonds will be issued on May 12, 2017.

The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange.