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Balance the odds: Go for partial redemption of your SGB holdings
Financial Express Lucknow
|April 05, 2025
• This way you will gain from current high prices of gold
The Reserve Bank of India has issued a calendar for the premature redemption of 34 tranches of Sovereign Gold Bonds (SGBs) during April to September this year. These bonds were issued between October 2017 and September 2020. As gold prices touch a record high because of global economic uncertainties, investors can consider a partial redemption and retain the rest for long-term gains.
The issue price of bonds for the 2017-18 Series III to Series IX ranges between ₹2,956 and ₹2,964 per unit. For bonds issued in 2020-21 (series I to VI), the price ranges between ₹4,639 and ₹5,117 per unit (or per gram). The redemption price of SGB is based on the simple average of the closing gold price of 999 purity of the previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association. Gold prices touched ₹9,000 per gram this week.
Dit verhaal komt uit de April 05, 2025-editie van Financial Express Lucknow.
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