The issue price for sovereign gold bond has been fixed at ₹5,051 per gram of gold, the Reserve Bank of India (RBI) said in a statement on Friday.

The Sovereign Gold Bond Scheme 2020-21-Series VII will be opened for subscription from October 12 to October 16.

The RBI further said that the government, in consultation with the central bank, had decided to offer a discount of ₹50 per gram less than the nominal value to those investors applying online, and the payment against the application is made through digital mode.

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