Para 4 - Form of subscription and pricing - Sovereign Gold Bonds Scheme, 2015

4. Form of subscription and pricing. (1) Subscription shall be in the form of denominated units of one gram of Gold or multiples thereof: Provided that the minimum limit of subscription in the Bond shall be of two grams and maximum limit of subscription shall be of five hundred grams per person per fiscal year: Provided further that in case of joint holding, the above limits shall be applicable to the first applicant only. (2) The issue price of Gold Bonds shall be made in Indian Rupees on the basis of simple average of closing price of gold of 999 purity of previous week (Monday to Friday) published by the India Bullion and Jewelers Association Limited.