Enterprise·APAC
RBI Sets Premature Redemption Date for Gold Bonds
Key Points
- 1RBI announces redemption prices for SGB Series VI and XII bonds.
- 2Investors can expect returns of 217% to 248% respectively.
- 3Gold bonds support investment in physical gold alternatives.
The Reserve Bank of India (RBI) has confirmed the premature redemption prices for the Sovereign Gold Bonds (SGB) 2020-21 Series VI and XII, set to mature in March 2026. For Series VI, the redemption price is fixed at Rs 16,063, while Series XII similarly holds the same price. Investors can anticipate significant returns, with Series XII projected at approximately 248% and Series VI at around 217%, excluding interest, based on the average closing prices of gold over the final business days leading to maturity.
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