Sovereign Gold Bond 2020-21 Series VIII opens for early redemption on May 18, 2026. The RBI has set the premature redemption price at Rs 16,012 per gram, based on the average gold prices from May 13-15, 2026. Online investors who purchased these bonds in November 2020 at Rs 5,127 per gram are now looking at exceptional returns. An initial investment of Rs 1 lakh has grown to approximately Rs 3.12 lakh, delivering a 212.30% absolute return excluding interest income. This represents a gain of Rs 10,885 per gram over the five-year holding period. The early exit option is available only on specific coupon payment dates after completing five years from the issue date, allowing investors flexibility before the bond's eight-year maturity tenure concludes.
Post from MarketNews_en
Log in to interact with content.