RBI sets final redemption price for Sovereign Gold Bond 2016-17 Series IV, offering investors 193% return over 8 years

The Reserve Bank of India (RBI) has recently revealed the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV, set at Rs 8,634 per gram. Initially issued in March 2017 at Rs 2,943 per gram, investors have witnessed a substantial 193% return over the span of eight years, excluding interest. Sovereign Gold Bonds offer investors the advantages of capital appreciation, tax exemptions, and periodic interest payments, making them a highly appealing investment avenue in India.

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