RBI Fixes Gold Bonds Issue Price at Rs 2,684/Gram

New Delhi: The Reserve Bank of India has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds, for which applications will be accepted from November 5 to November 20. Aimed at providing an alternative to buying physical gold, the gold bond scheme will offer investors an interest rate of 2.75 per cent and a choice to buy bonds worth 2 grams of gold, up to a maximum of 500 grams. (Read: Government's new gold ...