The government has fixed 2, 952 rupees per gram as price of new series of SGBs recently. SGBs stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Services Gold Bonds
B	Sovereign Green Bonds
C	Sovereign Gold Bonds
D	Sovereign Gold Banks

Explanation:

Detailed explanation-1: -Sovereign Gold Bond Interest Rate The investors will be compensated at a fixed rate of 2.50 per cent per annum.

Detailed explanation-2: -The issue price of the Bond during the subscription period shall be Rs 5, 197 (Rupees five thousand one hundred ninety seven only) per gram, as also published by RBI in their Press Release dated August 19, 2022.

Detailed explanation-3: -For such investors, the issue price of Gold Bond will be ₹5, 359/-(Rupees Five thousand three hundred and fifty nine only) per gram of gold.

Detailed explanation-4: -The price of the bond is fixed in Indian currency on the basis of a simple average closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period.

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