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Sovereign Gold Bonds This scheme is for those individuals who intend to purchase gold for investment. These bonds are issued by RBI on behalf of Govt on payment of Rs denominated in gms of Gold. The interest not fixed (unlike G-secs): given on the prevailing price of Gold. Like G-secs, they are backed by a Sovereign guarantee. Gold Monetization Scheme, 2015 The scheme was launched in November 2015 along with sovereign gold bonds and India gold coins.
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