The Reserve Bank of India (RBI) in its latest press release announced redemption price for the Sovereign Gold Bond 2017-18-Series-III premature redemption.
Redemption price for the Sovereign Gold Bond 2017-18-Series-III premature redemption due on 15-Apr-23 shall be ₹ 6,063. The issue price for the same was ₹ 2,956 issued on 16-Oct-17.The annualised return (IRR) is estimated to be at 14.%
*IRR is excluding interest payout. We welcome your valuable queries on this.
View latest issue of Sovereign Gold Bonds here
FAQ: How SGB redemption price is calculated?
A: Pedemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA).
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