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Akshaya Tritiya date for sovereign gold bonds

The issue price of the gold bonds will be Rs 50 per gram, less than the nominal value

BS Reporter  |  Mumbai 

The government has announced the first sovereign gold bonds of the financial year a few days ahead of Akshaya Tritiya, considered auspicious for buying gold.  The applications for Sovereign Gold Bonds 2017-18 - Series I will be accepted from April 24 to 28, and the bonds will be issued on May 12. Akshaya Tritiya falls on April 28 this year. The issue price of the gold bonds will be Rs 50 per gram, less than the nominal value. The price will be finalised by the Reserve Bank of India on Friday after the closure of Mumbai spot market. However, investors will be given a ...

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