Positive impactCorporate Action
SGB 2019-20 Series VI premature redemption today: Investors to earn up to 275% gains; check RBI fixed price
Mint 1 hr ago·30 Oct 2026, 3:18 am
The Reserve Bank of India (RBI) has announced the premature redemption price for the Sovereign Gold Bond (SGB) Series VI (2019-20). This bond series is maturing today, and the redemption value has been fixed at ₹14,213 per gram. This price is calculated based on the average closing price of gold of 999 purity on the previous working day, which was ₹5,872. This fixed rate ensures that investors know exactly what they will receive upon redemption.
For investors who bought these bonds at the original issue price, this maturity represents a significant capital gain. The price of ₹14,213 per gram is nearly 241% higher than the issue price of ₹4,764 per gram. This substantial appreciation highlights the long-term benefits of holding gold assets, as the price of gold has risen significantly over the past few years. Investors should be aware that the final payout will be net of applicable taxes and interest earned during the holding period.
Investors holding these bonds should proceed with the redemption process as per the instructions provided by their banks or the RBI. It is important to note that this is a specific redemption event for a particular series and does not apply to all outstanding SGBs. Investors should check their demat accounts or bond certificates to confirm their holdings and follow the specific steps to receive their funds. This event serves as a reminder for investors to review their portfolio and consider the role of gold in their overall investment strategy.
Key takeaways
- Category: Corporate Action.
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