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,...