Modi Govt's Gold Offer: SGB Investors Turn Rs 1 Lakh into Rs 5 Lakhs!

• RBI announced final redemption price for 2017-18 Series-XIII Sovereign Gold Bonds, maturing today.
• Investors saw nearly 5x returns, turning Rs 1 lakh into Rs 5 lakhs, due to an unexpected surge in gold prices over eight years.
• Bonds purchased at Rs 2,816/gram in 2017 redeemed at Rs 13,563/unit, yielding a 381.6% profit.
• SGBs offer 2.5% annual interest, no theft risk, no making charges, purity guarantee, and can be pledged for loans.
• Maturity process is simple, with funds directly credited to the investor's bank account.

Why It Matters: SGBs offer secure, high-profit investment with additional benefits, proving to be a 'gold-like' opportunity.