RBI announces final redemption price of Sovereign Gold Bond 2016-17 Series IV
The RBI has announced the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV at Rs 8,634 per gram. Issued in March 2017 at Rs 2,943 per gram, investors earned a 193% return over eight years, excluding interest. SGBs provide capital appreciation, tax exemptions, and periodic interest, making them an attractive investment option.
The RBI has announced the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV at Rs 8,634 per gram. Issued in March 2017 at Rs 2,943 per gram, investors earned a 193% return over eight years, excluding interest. SGBs provide capital appreciation, tax exemptions, and periodic interest, making them an attractive investment option.
