Sovereign Gold Bond rate fixed at 2,934 rupees per gram

The price of the new series of Sovereign Gold Bonds (SGBs) has been fixed at 2,934 rupees per gram. The union govt. has decided to offer a discount of 50 rupees per gram to investors applying online and making payments digitally. The subscription opens from Monday to Wednesday every week between 9th October and 27th.This round is part of the SGB calendar announced till December and is spread over 12 weeks. The Bond is issued by Reserve Bank on behalf of Government of India.