What is the SGB issue price?

“the face value of the bond based on the simple average closing price” [published by the India Bullion and Jewellers Association Ltd (IBJA)] 5,197/- per gram of gold is calculated for gold of 999 purity for the last three working days of the week preceding the subscription period i.e. 17th August, 18th August and 19th August, 2022. The issue price of SGB will be a reduction of Rs 50 per gram for investors subscribing online and paying digitally. The issue price of gold bonds for such investors will be Rs 5,147 per gram of gold,” said the RBI notification issued on August 19, 2022.