Sovereign Gold Bonds Offer 382% Return, Turning ₹1 Lakh into ₹4.82 Lakh
382% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.82 lakh
The Economic Times
Image: The Economic Times
The Reserve Bank of India has set the premature redemption price for the Sovereign Gold Bond (SGB) 2018-19 Series-III at ₹15,102 per unit, allowing investors to redeem from May 13, 2026. This results in a 382% return, meaning a ₹1 lakh investment will grow to approximately ₹4.82 lakh.
- 01Premature redemption of SGB 2018-19 Series-III starts on May 13, 2026.
- 02Redemption price set at ₹15,102 per unit based on gold prices.
- 03Investors can expect a 382% return on their initial investment.
- 04A ₹1 lakh investment will yield approximately ₹4.82 lakh.
- 05SGBs are government securities issued by the Reserve Bank of India.
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The Reserve Bank of India (RBI) has announced that the premature redemption for the Sovereign Gold Bond (SGB) 2018-19 Series-III will commence on May 13, 2026. The redemption price has been fixed at ₹15,102 per unit, calculated from the average closing price of gold over the preceding three days. This price reflects a significant return of 382% for investors, meaning a ₹1 lakh investment will grow to approximately ₹4.82 lakh. Initially issued at ₹3,133 per gram for online buyers, the bond provides a fixed interest rate of 2.50% per annum, credited semi-annually. The minimum investment in SGBs is one gram of gold, with a maximum limit of 4 kg for individuals and 20 kg for trusts.
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Investors can significantly benefit from the high returns on SGBs, making them an attractive alternative to physical gold.
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