RBI’s sovereign gold bond update: SGB 2020-21 Series-I redemption price set at Rs 12,198; investors to earn nearly 166% return
Sovereign Gold Bond investors are in for hefty gains as the Reserve Bank of India (RBI) has fixed the premature redemption price for the 2020-21 Series-I at Rs 12,198 per gram, marking a 166% rise from the original issue price of Rs 4,589.The redemption option opens five years after issue, on an interest payment date,…