Big gains for sovereign gold bond holders: RBI sets final redemption price; 338% return on SGB 2017-18 Series-III
Big gains for sovereign gold bond holders: RBI sets final redemption price; 338% return on SGB 2017-18 Series-III
Sovereign Gold Bond 2017-18 Series III investors are set for a significant payday as the RBI announces a final redemption price of Rs 12,567 per gram for bonds maturing October 16, 2025. This represents a remarkable 338% return, excluding annual interest. The SGB scheme offers a secure, demat alternative to physical gold, eliminating storage worries and providing interest payouts, with early redemption options after five years.
Sovereign Gold Bond 2017-18 Series III investors are set for a significant payday as the RBI announces a final redemption price of Rs 12,567 per gram for bonds maturing October 16, 2025. This represents a remarkable 338% return, excluding annual interest. The SGB scheme offers a secure, demat alternative to physical gold, eliminating storage worries and providing interest payouts, with early redemption options after five years.
Sovereign Gold Bond 2017-18 Series III investors are set for a significant payday as the RBI announces a final redemption price of Rs 12,567 per gram for bonds maturing October 16, 2025. This represents a remarkable 338% return, excluding annual interest. The SGB scheme offers a secure, demat alternative to physical gold, eliminating storage worries and providing interest payouts, with early redemption options after five years. 
