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NEWS Desk Global

SOVEREIGN GOLD BONDS SERIES IV 2023-24 TRANCHE




The latest tranche of Sovereign Gold Bonds (SGBs) for the 2023-24 series is now open for subscription, providing investors with the final opportunity to participate in this year's offering. From February 12 to February 16, 2024, interested subscribers can secure their investment within this limited window. Successful applications will be allotted bonds on February 21.

The issue price for the Sovereign Gold Bonds Series IV 2023-24 is set at Rs 6,263 per gram of gold. Each unit of SGB corresponds to one gram of gold. Investors applying online and opting for digital payment will receive a discount of Rs 50 per gram from the Reserve Bank of India (RBI), reducing the effective issue price to Rs 6,213 per gram.

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