The nominal value of the bond based on the simple average of closing price published by the India Bullion and Jewellers Association Ltd (IBJA) for gold of 999 purity of the last three working days of the week preceding the subscription period.
The SGB Series 2023-24 Series III subscription period is scheduled from December 18 – December 22, 2023. Therefore, the date of issuance in SGB Series III is December 28, 2023.
The issuance price of the gold bonds would be Rs 50 per gram less than the nominal value for investors who apply online. Here is a look at how to buy SGB on various bank websites.