Current Affairs - Banking - Discussion

Government of India has decided to issue Sovereign Gold Bonds 2017-18 - Series-III. These bonds will be issued by Reserve Bank India (RBI) on behalf of the Government of India. Simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the last 3 business days of the week preceding the subscription period. Discount of Rs. 50 per gm, for those who subscribe online and pay through digital mode.