The Reserve Bank of India (RBI) has revealed the closing redemption value for the Sovereign Gold Bond (SGB) 2016-17 Series IV at Rs 8,634 per gram. Initially issued at Rs 2,943 per gram in March 2017, investors have gained a remarkable 193% return over the span of eight years, excluding any interest. Sovereign Gold Bonds offer not only capital appreciation but also tax benefits and periodic interest payouts, making them an appealing choice for investment in India.
RBI sets final redemption price for SGB 2016-17 Series IV at Rs 8,634 per gram, offering investors 193% return.
In Trend
Gold and silver prices soar to new highs in India amid global market trends and economic uncertainties, reaching record levels.
