Check Returns From SGB 2017-18 Series XIII: RBI Announces Premature Redemption Price

Redemption Price & Returns of SGB 2017-18 Series XIIIThe redemption price of Sovereign Gold Bond 2017-18 Series XIII is Rs 7,203 per unit, calculated based on the simple average of the closing gold price (999 purity) on the three previous business days from the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA).The issue price of SGB 2017-18 Series XIII in 2017 was Rs. 2831 for those who subscribed via online application.  This SGB has completed 6.5 years of tenure till June 26, 2026.  If an investor had bought one gram of SGB at redemption now, with gold priced at Rs 7,203 per gram, the CAGR for 6.5 years amount to 14.98 per cent returns. The overall return on the investment amounts to 154.44 per cent.

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