
Sovereign Gold Bond: There is good news for those investing in gold bonds. The Reserve Bank of India (RBI) has announced the price of premature redemption for the Sovereign Gold Bond (SGB) 2017-18 Series-XIV and SGB 2018-19 Series-IV. Both these schemes are ready for redemption from today.
The maturity period of Gold Bond is 8 years old and after completion of 5 years, you can redeem them ahead of time. SGB has a 5 -year lock in period, only after which it can be redeemed. After this, it can be purchased or sold at the National Stock Exchange (NSE). In this scheme, you get an interest of 2.5 percent every year, which is deposited in the investor’s bank account every six months.
Calculation of redemption price in SGB
According to the RBI press release released on June 30, the redemption price in the Sovereign Gold Bond (SGB) is fixed based on the average of the 999 purity of the last three business sessions. That is, after choosing the first three business sessions of the first redemption date, remove the average of 999 purity gold in these three days and this will be the redemption price.
Its price is published by India Bullion and Jewelers Association Limited (IBJA). On July 01, 2025, the redemption price for premature redemption was done on the basis of average of the gold off price on the last three business days (26 June, 27 June and 30 June 2025), which was Rs 9,628 per unit this time. That is, if there is a bond of 1 gram, you will get Rs 9,628. You can keep gold up to a maximum of 4 kilgram in Sovereign Gold Bond.
Investors get bumper returns
SGB 2017-18 Series –XIV was launched in January 2018, when the price of 1 gram gold was Rs 2,831. Now its redemption price is Rs 9,628. That is, Rs 9,628 will be available at Rs 2,831 on 1 gram of gold during that time. That is, the return of 240 percent.
At the same time, the redemption price for SGB 2018-19 Series IV, which was issued at Rs 3,119 in January 2019, is now Rs 9,628 per unit. In such a situation, there will be a return of more than 208 % on the redeemation. In this, 2.5 percent interest deposited in your bank account has not been included in this. If it is included, the earnings will sit even more.
Benefits of Sovereign Gold Bond
Investing in Sovereign Gold Bond is safe to gold. There is no fear of its theft in this. Also, due to the government scheme, there is no fear of investing in it. Another special thing about it is that interest rate in it gold priceIt remains stable even after fluctuations in.
Also read:
(Tagstotranslate) RBI (T) Sovereign Gold Bond (T) Sovereign Gold Bond Redemption Price (T) RBI (T) Sovereign Gold Bond (T) Sovereign Gold Bond Redemption Price
Source link