Section 4 in The Sovereign Gold Bond Scheme 2016-17 - Series III
4. Denomination, Subscription limit and Pricing.
- (i) The bonds will be issued in denominations of one gram of gold or multiples thereof.Provided that the minimum limit of subscription in the Bonds issued under Series III shall be of one gram and maximum limit of subscription shall be of five hundred grams per person per fiscal year.Provided further that in case of joint holding, the above limits shall be applicable to the first applicant only.(ii)The nominal value of Gold Bonds shall be in Indian Rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewelers Association Limited for the week (Monday to Friday) preceding the subscription period.(iii)The issue price of the Gold Bonds will be '50 per gram less than the nominal value.
