<p class="title">Price of the next tranche of the Sovereign Gold Bond issue opening on September 9 has been fixed at Rs 3,890 per gram, the Reserve Bank said on Friday.</p>.<p class="bodytext">The Sovereign Gold Bond Scheme 2019-20 - Series IV will be opened for subscription from September 9 to 13, 2019.</p>.<p class="bodytext">Further, the government has decided to offer a discount of Rs 50 per gram for those investors applying online and making payment for the purchase of the bond through digital mode.</p>.<p class="bodytext">"For such investors, the issue price of Gold Bond will be Rs 3,840 per gram of gold," the RBI said.</p>.<p class="bodytext">The sovereign gold bond scheme was launched in November 2015 with the objective to reduce the demand for physical gold and shift a part of the domestic savings, used for purchase of the yellow metal, into financial savings.</p>.<p class="bodytext">Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 gram per person per fiscal year (April-March).</p>.<p class="bodytext">The maximum limit of subscription is 4 kg for individual and Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal. </p>
<p class="title">Price of the next tranche of the Sovereign Gold Bond issue opening on September 9 has been fixed at Rs 3,890 per gram, the Reserve Bank said on Friday.</p>.<p class="bodytext">The Sovereign Gold Bond Scheme 2019-20 - Series IV will be opened for subscription from September 9 to 13, 2019.</p>.<p class="bodytext">Further, the government has decided to offer a discount of Rs 50 per gram for those investors applying online and making payment for the purchase of the bond through digital mode.</p>.<p class="bodytext">"For such investors, the issue price of Gold Bond will be Rs 3,840 per gram of gold," the RBI said.</p>.<p class="bodytext">The sovereign gold bond scheme was launched in November 2015 with the objective to reduce the demand for physical gold and shift a part of the domestic savings, used for purchase of the yellow metal, into financial savings.</p>.<p class="bodytext">Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 gram per person per fiscal year (April-March).</p>.<p class="bodytext">The maximum limit of subscription is 4 kg for individual and Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal. </p>