India Business News: There was a strong demand for India’s sovereign bonds and good coordination between the government and RBI ensured that for the first time in nearly 2
India plans some tax exemptions in its Budget due February, possibly the final step for the nations sovereign bonds to be included in global indexes, according to people familiar with the matter.
Read more about Gold bond issue price fixed at Rs 4,889 per gm; subscription opens Monday on Business Standard. The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 31, has been fixed at Rs 4,889 per gram of gold, the Reserve Bank of India (RBI) said
The issue price for the next series of sovereign gold bonds has been fixed at Rs 5,000 per gram of gold, the Reserve Bank of India said in a statement on Thursday. The Sovereign Gold Bond Scheme 2020-21 - Series IX will be open for subscription from December 28, 2020 to January 1, 2021. The nominal value of the bond.works out to Rs 5,000 per gram of gold, the RBI said. The value of the bond is based on the simple average closing price (published by the India Bullion and Jewellers Association Ltd) for gold of 999 purity of the last three business days of the week preceding the subscription period, that is, December 22-24.