SGB Investors See 5x Returns: ₹1 Lakh Investment Soars to ₹5 Lakh

• Sovereign Gold Bond (SGB) 2017-18 Series-XIII investors witnessed nearly 5x growth, turning ₹1 lakh into ₹5 lakh.
• The final redemption price for this series, due December 26, 2025, is fixed at ₹13,563 per unit.
• The issue price for SGB 2017-18 Series-XIII was ₹2,866 per gram (₹2,816 online) on December 26, 2017.
• Redemption price is based on the 3-day average of 999 purity gold prices by IBJA preceding the redemption date.
• SGBs offer a secure, paperless alternative to physical gold, providing 2.5% annual interest and options for premature redemption, trading, and collateral.

Why It Matters: SGB 2017-18 Series-XIII delivered exceptional 5x returns, highlighting the scheme's potential for gold investors.