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Gold Bonds Yield Over 320% Return!
23 Nov
Summary
- SGB 2017-18 Series-VIII redeemed with over 320% returns.
- Issued at Rs 2,911 per gram, redeemed at Rs 12,300.
- Scheme raised Rs 72,275 crore worth of gold.
The Sovereign Gold Bond (SGB) 2017-18 Series-VIII recently matured, marking a successful eight-year investment term for bondholders. The Reserve Bank of India announced the redemption value, revealing that bonds issued at Rs 2,911 per gram have been redeemed at Rs 12,300 per unit, translating to returns exceeding 320% for investors.
This impressive financial outcome is on top of the 2.5% annual interest paid semi-annually on the invested amount. The redemption price was determined by the average closing gold prices from November 17-19, 2025. The SGB scheme, a government initiative, allows individuals to invest in gold without physical possession, with redemption proceeds directly credited to their accounts.
Across 67 tranches, the SGB scheme has successfully mobilized significant savings, raising approximately 146.96 tonnes of gold valued at Rs 72,275 crore as of March 31, 2025. This demonstrates the scheme's popularity and effectiveness in channeling investment towards gold.
