Gold bond turns Rs 1L investment into Rs 3.28L
The Reserve Bank of India (RBI) has revealed that gold bond investors can now redeem a specific series prematurely. This SGB tranche can be cashed in from September 7, 2026, after the fifth year from the issue date. The premature redemption price for the SGB 2021-22 Series VI - Issue date September 7, 2021, has been set at Rs 15,334 per unit.
This price is calculated using the simple average closing price of 999-purity gold, as published by the India Bullion and Jewellers Association (IBJA) for the three preceding business days: September 2, September 3, and September 4, 2026. The SGB 2021-22 Series VI was originally issued at Rs 4,682 per gram for online bonds.
Investors who purchased these SGBs at launch, excluding interest, would see their investment nearly triple in value, reaching approximately Rs 3.28 lakh for a Rs 1 lakh investment. Offline buyers received the SGBs at a slightly higher issue price of Rs 4,732 per gram, with a discount of Rs 50 for online purchases.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
