The Government has fixed the price of Sovereign Gold Bonds (SGBs)-Series I for 2019-20 at Rs. ..... per gram.

2019

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

The Government has fixed the price of Sovereign Gold Bonds (SGBs)-Series I for 2019-20 at Rs. ____ per gram.

A	2, 512
B	3, 196
C	2, 832
D	3, 500

Explanation:

Detailed explanation-1: -The Issue Price of the Bond during this subscription period shall be Rs. 3,443 (Rupees Three Thousand Four Hundred Forty Three only) – per gram with Settlement date July 16,2019, The Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs.

Detailed explanation-2: -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.

Detailed explanation-3: -The price of new issues is determined as the simple average of the closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited (IBJA) for the preceding week. Planning to invest in Gold?

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