SGB holders to earn 122% income from August 2016 issue as RBI sets redemption price at Rs 6,938/gram

SGB holders to earn 122% income from August 2016 issue as RBI sets redemption price at Rs 6,938/gram

The Reserve Bank of India (RBI) has announced a final redemption price for the first tranche of the sovereign gold bond (SGB) scheme at Rs 6,938 per gram and fixed the redemption date as August 5, Monday. Those who invested in the scheme have made an income of a whopping 122% (Rs 3,819) over the … Read more