Sovereign Gold Bond Scheme 2023-24 (Series I)

Recently, Sovereign Gold Bonds 2023-24 (Series I) was opened for subscription during the period June 19-23, 2023 with Settlement date June 27, 2023.

  • Sovereign Gold Bond Scheme was introduced by the Government of India in 2015 under the Gold Monetization Scheme.
  • The Gold Bonds are issued as Government of India Stock under the Government Securities (GS) Act, 2006.
  • These are issued by the Reserve Bank of India (RBI) on behalf of the Government of India.

Main Objectives

  • To mobilize the gold held by households and institutions in the country.
  • To provide a fillip to the gems and jewellery sector in the country by making ....
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