Gold bond bought at Rs 4,682 now worth Rs 15,334: SGB gives 228% return, Rs 1 lakh becomes Rs 3.28 lakh, plus 2.5% annual interest; premature redemption due September 7
SGBs carry a fixed annual interest rate of 2.50% on the amount initially invested. Investors of Sovereign Gold Bonds (SGBs) are reaping a bonanza with gold prices rallying strongly in the last few years. Despite the recent correction in gold prices, gold bonds are still yielding triple digit returns.The Reserve Bank of India (RBI) has…
