positive
Recently
Indian Sovereign Gold Bond 2018-19 Series-I – Early Redemption Price Set at ₹12,039
RBI sets early-redemption price for SGB 2018-19 Series-I at ₹12,039 per gm, enabling large gains for eligible holders.
The Reserve Bank of India (RBI) has announced the premature redemption price for the Sovereign Gold Bond 2018-19 Series-I at ₹12,039 per gram, based on the average gold closing price for the preceding business-days. Investors who hold this tranche may choose early redemption as the window opens today. The bond was issued at ₹3,064 per gram, implying an absolute capital-gain of nearly 293% excluding interest. The scheme combines gold-price appreciation with semi-annual interest, and investors must submit redemption requests within the stipulated timeframe.