Gold bonds open for subscription, discount offered: 10 points
The government is coming out with gold bonds at a time when domestic prices have hit record highs
Gold bonds come with a host of income tax benefits
The third tranche of 2019-20 sovereign gold bonds, which are government securities denominated in multiples of grams of gold, are open for subscription. It will close on August 9. The bonds will be issued on August 14, 2019. The government is coming out with sovereign gold bonds at a time when domestic gold prices have hit record highs. The issue price for Sovereign Gold Bonds 2019-20-Series-III is ₹3,499 per gram and the government is offering a discount of ₹50 per gram for the investors applying online. For such investors, the issue price will be ₹3,449 per gram.