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April 28, 2025RBI’s Sovereign Gold Bond Scheme; Investors to get 109% return
SGB Premature Redemption: The Reserve Bank of India (RBI) has disclosed the premature redemption price for the Sovereign Gold Bond (SGB) Scheme, Series I of 2020-21. This redemption will take place on April 28, 2025. According to the Government of India’s notification, SGBS are eligible for premature redemption five years after the issuance date, which for this series is April 28, 2020.
The premature redemption price has been determined at Rs 9,600 per unit, based on the average closing price of gold of 999 purity for the three business days before the redemption date, specifically April 23, 24, and 25, 2025, as reported by the India Bullion and Jewellers Association Ltd (IBJA).
The redemption price for the SGB Scheme 2020-21, Series I Tranche 38, represents a return of more than 109% compared to its issue price of Rs 4,589 (Rs 4,639 minus Rs 50 discount) for investors who purchased the scheme online.
