CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many grams did Union Government Fixes Sovereign Gold Bond Rate recently?
A
Rs 2890 / gram
B
Rs 3560 / gram
C
Rs 3850 / Gram
D
Rs 4560 / Gram
Explanation: 

Detailed explanation-1: -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-2: -14 Interest rate The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.

Detailed explanation-3: -Sovereign Gold Bond Scheme 2022-23 (Series III) – Issue Price. The Government of India, in consultation with the Reserve Bank of India, has fixed the issue price at Rs 5, 409.

Detailed explanation-4: -Price of SGB is fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited (IBJA) for the last three working days of the week preceding the subscription period.

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