Current Affairs - Economy - Discussion

The Government has fixed the price of Sovereign Gold Bonds (SGBs)-Series I for 2019-20 at Rs 3,196 per gram with settlement date June 11, 2019. They will be opened for subscription from June 03 to June 07, 2019. In consultation with RBI, the Government has decided to allow a discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode. To them, the issue price is Rs 3,146 per gram of gold. RBI has published a calendar for issuance of SGBs for the first half of the current financial year.