SGB Investment Gains Four Times as Early Redemption Kicks In

From today, holders of the 2019‑20 Series III Sovereign Gold Bonds can redeem their units before maturity. The RBI has fixed the redemption amount at ₹15,310 per unit, a near‑quadruple increase from the ₹3,449 issue price. Each unit corresponds to roughly one gram of gold. The redemption price is based on a simple average of the 999‑purity gold closing price for the three market days immediately preceding the redemption date, as published by the India Bullion and Jewellers Association. The scheme, introduced jointly by the central government and RBI, continues to offer a 2.5% annual interest on the principal, with capital gains previously exempt from tax.