Sovereign Gold Bonds: If you like to invest in Sovereign Gold Bonds then there is good news for you. The government has fixed the redemption price of the first Sovereign Gold Bond series (2016-17) issued in the year 2016.
For this, the average price of gold between July 29 and August 2 has been fixed as the redemption price. For this scheme, the Reserve Bank has fixed August 5, 2024 as the redemption date.
In such a situation, according to the redemption price fixed by the government, investors have received a strong return of 122 percent in the entire eight years.
For the first series of Sovereign Gold Bond 2016-17, the government had fixed the issue price at Rs 3119. In such a situation, the price fixed for investors per gram was Rs 3819.
Apart from this, investors are also getting the benefit of 2.5 percent interest on gold. The money of Sovereign Gold Bond will be transferred directly to the investors’ account along with the interest.
Let us tell you that the deadline of the Sovereign Gold Bond Scheme is 8 years. Its lock-in period is five years. In such a situation, investors can sell it back after 5 years.
Published at : 03 Aug 2024 06:29 PM (IST)
