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First Sovereign Gold Bonds To Mature On Nov. 30. Here's How Much Investors Made From The First Issue

Summary by BQ
The Reserve Bank of India has set a redemption price of Rs 6,132 for the first tranche of sovereign gold bonds, which will be due for redemption on Nov. 30.The regulator has set the redemption price of SGB on the simple average of the closing price of gold of 999 purity of the week preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd. (IBJA)."Accordingly, the price for the final redemption due on Nov.…
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