RBI's sovereign gold bond update: SGB 2020-21 Series-I redemption price set at Rs 12,198; investors to earn nearly 166% return
RBI's sovereign gold bond update: SGB 2020-21 Series-I redemption price set at Rs 12,198; investors to earn nearly 166% return
Sovereign Gold Bond investors are set for substantial gains as the RBI has fixed the premature redemption price for the 2020-21 Series-I at Rs 12,198 per gram. This represents a remarkable 166% surge from the original issue price. The redemption option, available five years after issuance, offers investors significant returns, enhanced by an annual 2.5% interest.
Sovereign Gold Bond investors are set for substantial gains as the RBI has fixed the premature redemption price for the 2020-21 Series-I at Rs 12,198 per gram. This represents a remarkable 166% surge from the original issue price. The redemption option, available five years after issuance, offers investors significant returns, enhanced by an annual 2.5% interest.
Sovereign Gold Bond investors are set for substantial gains as the RBI has fixed the premature redemption price for the 2020-21 Series-I at Rs 12,198 per gram. This represents a remarkable 166% surge from the original issue price. The redemption option, available five years after issuance, offers investors significant returns, enhanced by an annual 2.5% interest. 
