Gold surges 1.83 pc this week amid persistent tensions in Strait of Hormuz

May 9, 2026 1:47 PM

Gold surges 1.83 pc this week amid persistent tensions in Strait of Hormuz

Gold prices rose 1.83 per cent during the week over persistent geopolitical uncertainty and volatile crude prices. On Friday, MCX gold June futures gained 0.04 per cent while MCX silver May futures surged 1.34 per cent. Currently gold futures stand at Rs 1,52,589, while silver futures at Rs 2,61,999 per kg. The price of 10 grams of 24-carat gold was at Rs 1,51,078 on Friday up from Rs 1,48,357 seen on Monday market opening, according to data published by the India Bullion and Jewellers Associa...

RBI opens premature redemption window for sovereign gold bond 2020-21 series VII

April 20, 2026 12:09 PM

RBI opens premature redemption window for sovereign gold bond 2020-21 series VII

The Reserve Bank of India has opened a premature redemption window for holders of Sovereign Gold Bond (SGB) 2020-21 Series VII, with Monday set as the exit date, offering investors returns exceeding 200 per cent on their original investment. The central bank has fixed the redemption price at Rs 15,254 per unit, calculated as the simple average of closing prices for 999-purity gold over the three preceding business days, according to the India Bullion and Jewellers Association (IBJA). Moreover,...