Redemption price of 1st SGB tranche announced; investors make 128% return excluding interest
The redemption price of SGB is based on the simple average of the closing price of gold of 999 purity of the week (Monday, November 20-Friday, November 24), preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd. (IBJA).
Jewellers Association Ltd Reserve Bank India Bullion Jewellers Association Sovereign Gold Bond Gold Bond
Source: indiatimes.com