Company updateEconomic Times
SGB redemption yields 348% return on Rs 1 lakh
Neutral0
GreyOak summary
The RBI announced the final redemption price for SGB 2018-19 Series-III at Rs 14,024 per unit. This results in a 348% return on the initial investment of Rs 3,133 per gram. Investors can redeem these bonds prematurely on November 13, 2026, based on gold prices.
What it affects
- GoldNeutral 0
Gold price rise drives SGB redemption value.Rolling sentiment Neutral -2
