RBI announces Rs 12,801 SGB redemption price; investors gain

• RBI announced a redemption price of Rs 12,801 per unit for Sovereign Gold Bonds (SGBs).
• This price applies to SGB 2017-18 Series-XI and for premature redemption of SGB 2019-20 Series I.
• Unit holders of SGB 2017-18 Series-XI, who invested at Rs 2,954 per unit, will receive Rs 12,801 per unit plus 2.5% annual interest.
• The redemption price is based on the simple average of 999 purity gold's closing price from the previous three working days, as published by IBJA.

Why It Matters: SGB redemption price reveals significant profits for investors.