SGB 2020–21 Series X Early Exit: Investors See Nearly 3x Gains as Gold Prices Soar

• Investors in Sovereign Gold Bond (SGB) 2020–21 Series X can opt for premature redemption today, January 19, 2026, after completing five years from its issue date.
• The Reserve Bank of India (RBI) has fixed the premature redemption price at Rs 14,130 per unit, significantly higher than the issue price of Rs 5,117 per unit.
• This translates to a capital appreciation of nearly 175 percent, or close to three times the investment value, from gold price movement alone.
• The redemption price is calculated based on the simple average of gold's closing price for the previous three business days, as published by IBJA.
• SGBs offer a dual benefit: 2.5% annual interest and capital appreciation linked to gold prices, aiming to reduce physical gold reliance.

Why It Matters: SGB 2020–21 Series X investors can redeem early today, realizing nearly 3x gains due to high gold prices.