RBI fixes public issue price for sovereign gold bonds

Q.  RBI has fixed a public issue price at INR _____ per gram for sovereign gold bonds from November 5 to 20.
- Published on 04 Nov 15

a. 2464
b. 2684
c. 2384
d. 2584

ANSWER: 2684
 
RBI has fixed public issue price at INR 2684 per gram for sovereign gold bonds for which applications will be accepted from November 5 to 20. Gold bond scheme will offer investors interest rate of 2.75 percent and choice to purchase bods worth 2 grams of gold. This is up to a maximum of 500 grams. Rate has been fixed on account of the simple average of closing price for gold of 999 purity during the week October 22-30 2015.

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