Sovereign Gold Bond Scheme 2019-20 Series-VIII – Issue Price ₹ 4,016/- || Period : Jan. 13 – 17, 2020

RESERVE BANK OF INDIA

PRESS RELEASE

10th January,2020

In terms of GoI notification F.No.4(7)-B(W&M)/2019 & RBI circular IDMD.CDD. No.890/14.04.050/2019-20 dated September 30, 2019

January 13, 2020 –January 17, 2020

The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. January 08 – January 10, 2020 works out to

₹ 4,016/- (Rupees Four Thousand and sixteen only) PER GRAM OF GOLD

Government of India, in consultation with the Reserve Bank of India, has 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.

For such investors, the issue price of Gold Bond will be ₹ 3,966/- (Rupees Three Thousand Nine Hundred Sixty Six only) PER GRAM OF GOLD