the reserve bank of india has decided to issue sovereign gold bonds 201718 series ii applications for the bond issue will be accepted between 10 and 14 july the bonds will be issued on 28 july the bonds will be sold through banks stock holding corporation of india limited shcil designated post offices and recognised stock exchanges the bonds will be denominated in multiples of grams of gold with a basic unit of 1 gram the tenor will be for a period of 8 years with exit option from the 5th year to be exercised on the interest payment dates minimum permissible investment will be 1 gram of gold the maximum amount subscribed by an entity will not be more than 500 grams per person per fiscal the price of the bond will be fixed on the basis of the closing price of gold of 999 purity published by the india bullion and jewellers association limited for the week preceding the subscription period the issue price of the gold bonds will be rs 50 per gram less than the nominal value meanwhile etmoney the times internet backed money management app has extended its product portfolio by enabling users to invest in gold digitally and seamlessly once a user decides to invest in gold the process of opening an etmoney account and buying takes less than 2 minutes the investment in gold is done through reliances gold savings fund once invested the user can also track the value of their gold in grams with real time update of gold prices there are also no charges levied by etmoney on either buying or selling gold on the app