India Business News: The Reserve Bank of India (RBI) annually issues Sovereign Gold Bond (SGB) tranches, outlining their issuance and redemption dates. These bonds have an eight-year tenor but allow premature redemption after five years from the date of issue. According to ET, several SGBs from the 2016 series are up for final redemption in 2024. Here are the tentative dates and details:
SGB final redemption dates: This year, already two Sovereign Gold Bond (SGB) Schemes launched in 2016 have come up for final redemption. Let us see the tentative dates of SGBs up for financial redemption in 2024.
Every financial year, the RBI announces the issuance of SGB tranches. As of now, an investor is limited to 4 kg per individual each financial year, with a minimum investment of 1 gram.
The wedding season and festive rush have led to a 20% increase in gold demand in Kolkata, making it the best in 15 years. Gold prices have risen, making it an attractive investment option.