DAILY CURRENT
AFFAIRS: 2 NOV 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN
1. GOVT FIXES SOVEREIGN GOLD BOND RATE AT RS 2,945 PER GRAM
i. Reserve
Bank of India has announced that purchase price for the latest Sovereign Gold
Bond series which opened on October 30, 2017 has been fixed at Rs 2,945 per
gram gold. These bonds can be subscribed from Monday to Wednesday every week.
ii. The
price is based on the simple average closing price for gold of 999 purity of the
last three business days of the week preceding the subscription period.
iii.
Investors applying online and making the payment digitally will be eligible for
a discount of Rs 50 per gram. Thus for such investors, the issue price will be
Rs 2,895 per gram of gold.
iv.
Investment in these bonds can be done in multiples of 1 gm of gold. Investors
have an option to hold these bonds in either physical or dematerialised form.