The Reserve Bank of India (RBI) in its latest press release announced redemption price for the Sovereign Gold Bond 2017-18-Series-X premature redemption.
Redemption price for the Sovereign Gold Bond 2017-18-Series-X premature redemption due on 03-Jun-23 shall be ₹ 6,029. The issue price for the same was ₹ 2,961 issued on 04-Dec-17.The annualised return (IRR) is estimated to be at 13.8%
*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).
Disclaimer: Above article only publishes details about the product. Please visit RBI for more details. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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