The SGBs have a tenure of eight years with an early exit option available after the fifth year. (Image source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Reserve Bank of India on Wednesday set the redemption price for the Sovereign Gold Bond (SGB) 2017-18 Series-VIII, that indicates a return of over 300% for investors. The final redemption date of the SGB tranche upon its eight-year maturity is Nov. 20.

The central bank has fixed the final redemption price at Rs 12,300 per unit, calculated on the basis of the simple average of 999-purity gold prices published by the India Bullion and Jewellers Association for the three business days preceding the redemption date — Nov. 17, 18 and 19, 2025.

The SGB was issued at Rs 2,951 per gram in November 2017. This me

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