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    Question

    What is the redemption price of Sovereign Gold

    Bonds?
    A The price is fixed by the RBI at the time of issue Correct Answer Incorrect Answer
    B It is determined based on the market price of gold at the time of redemption Correct Answer Incorrect Answer
    C The price remains constant throughout the life of the bond Correct Answer Incorrect Answer
    D The price is based on gold futures prices Correct Answer Incorrect Answer
    E The price is set by the investor at the time of purchase Correct Answer Incorrect Answer

    Solution

    The redemption price of Sovereign Gold Bonds is based on the market price of gold at the time of redemption, which is determined by the closing price of gold on the previous business day.

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