Positive impactCommodity
Bought Gold Bonds In 2021? Rs 1 Lakh Could Be Worth Rs 3.28 Lakh Now — Check Redemption Date
NDTV Profit 3 hrs ago·6 Sept 2026, 5:30 am
The Reserve Bank of India (RBI) has announced the redemption price for the Sovereign Gold Bond (SGB) Series VI, which were issued in 2021. Investors holding these bonds can now redeem them for a significant premium over their face value. The redemption price is set at Rs 3,280 per gram, which includes the fixed 2.5% annual interest paid on the bond. This means that for every gram of gold purchased, investors will receive the current market value of gold along with the accumulated interest, resulting in a total return that is substantially higher than the initial investment.
This redemption is particularly beneficial for investors who bought the bonds at the lower subscription price of Rs 4,764 per gram. By redeeming now, they stand to earn a profit of over 30% on their investment. The redemption process is open for a specific period, and investors must submit their applications to the designated banks or post offices before the deadline to avail of this opportunity. It is crucial for holders to check the exact redemption date and ensure they complete the process in time to secure their returns.
For investors, this event highlights the importance of holding government-backed gold instruments for long-term wealth creation. The SGBs offer a safe haven against market volatility and provide a fixed return, making them an attractive alternative to physical gold. As the redemption window closes, investors should review their holdings and plan their finances accordingly. This move by the RBI reinforces the trust in government securities and encourages retail investors to consider such instruments for their portfolios.
Key takeaways
- Category: Commodity.
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Why it matters
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