Govt fixes SBGs rate at Rs 2,952/gram

Govt fixes SBGs rate at Rs 2,952/gram

The government has fixed 2,952 rupees per gram as price of new series of sovereign gold bonds (SGBs) opening on Monday. The government, in consultation with the Reserve Bank, has decided to offer a discount of Rs 50 per gram to investors applying online and making payments digitally. The issue price will be Rs 2,902 a gram for investors applying online and the payment through digital mode.

The current round of bonds is part of the SGB calender announced till December and is spread over 12 weeks.

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