₹1,117 crore, as per the data released by the Reserve Bank of India (RBI). The number of units purchased was 6% lower than what was subscribed to in the May issue.
The government had sold 25 lakh units of gold bonds worth ₹1,168 crore in the May issue, which saw the highest-ever subscription.The June issue, which was opened for subscription from 8 June to 12 June, was priced at ₹4,677 per unit (one unit of gold bond is equal to 1 gram of gold).
The issue of gold bonds is priced based on the average of the last three working days of the week prior to the week in which subscription opens.Experts believe that lower subscription could partially be because of the high price of gold as well as the rally in the equity market.“There are probably.