Current Affairs

Sovereign Gold Bond Rate Fixed at Rs 2,945 Per Gram

The Reserve Bank of India has fixed the purchase price for the Sovereign Gold Bond Scheme 2017 -18 Series-VI at Rs. 2945 per gram.

Sovereign Gold Bond Rate Fixed at Rs 2,945 Per Gram
  • The subscription for bonds runs from Monday to Wednesday every week.
  • The government has also decided to offer a discount of Rs 50 per gram to investors applying online and making the payment digitally.
  • For such investors, the issue price of the Gold Bond will be Rs 2,895 per gram of goldThe issue price for Series-V was Rs 2,971 for every gram.
  • Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal year (April-March).
Sovereign Gold Bond Rate Fixed at Rs 2,945 Per Gram Sovereign Gold Bond Rate Fixed at Rs 2,945 Per Gram Reviewed by insiya yadav on November 03, 2017 Rating: 5

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