Banking News

Government announces the issue price of Sovereign Gold Bond (SGB) at Rs.2684/-

Today (November 3, 2015), the Government announced the issue price of Sovereign Gold Bond (SGB)   at Rs.2684/- per gram of gold. The SGB bonds are denominated in grams of gold to be issued on November 26, 2015 by RBI on behalf of Government of India.The tranche of SGB will be kept open for investors with effect from November 05, 2015 to November 20, 2015. It is learnt that the Government of India may, with prior notice, close the Scheme before the above notified period.

Related article: Advantage of  Sovereign Gold Bond (SGB) over physical form of gold

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