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Gold bonds fixed at Rs 2,884 by RBI

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Reserve Bank 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 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.

“The issue price of the sovereign gold bond for this tranche has been fixed at Rs 2,684 per gram of gold,” the RBI said in a statement today.

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