INSUBCONTINENT EXCLUSIVE:
The Sovereign Gold Bond programme is aimed at curbing the import of the yellow metalBonds linked to the market price of gold under the
government's Sovereign Gold Bond scheme are available for purchase till Friday
This is an eighth tranche of the gold bond scheme, in which the RBI issues gold bonds on behalf of government
There will be four additional tranches this financial year, each of which will also be available for five days
For the current series, an issue price of Rs 5,177 per unit is applicable
One unit is equivalent to the price of one gram of gold in the spot market
simple average of prices provided by Mumbai-based India Bullion and Jewellers Association (IBJA), an industry body
4,852VAugust 3 - August 7Rs 5,334VIAugust 30 - September 4Rs 5,067VIIOctober 12 - October 16Rs 5,051VIIINovember 9 - November 13Rs
5,177Closing rates of three days prior to the first day of subscription are taken into account, to arrive at this simple average.DateClosing
Price (Per Gram)November 4Rs 5,247.30November 5Rs 5,153.20November 6Rs 5,130.60AverageRs 5,177.03(Source: ibjarates.com)For the eight
