On June 14, the Centre notified that two tranches of gold bonds will be launched in the first half of FY24. The first tranche, 2023-24 Series I, will be issued from June 19 and continue till June 23.
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The Indian government will issue two tranches of sovereign gold bonds during H1 2023-24. The bonds will be available for sale to resident individuals, HUFs, trusts, universities and charitable institutions, and will be denominated in multiples of grams of gold with a basic unit of one gram
The price of SGB will be fixed in Indian rupees on the basis of a simple average of the closing price of gold of 999 purity, published by the IBJA for the past three working days of the week preceding the subscription period