Sovereign Gold Bonds: RBI announces Rs 8,634 Final Redemption Price for SGB 2016-17 Series IV, 193% return in 8 years; check details

Reserve Bank of India (RBI) has announced Final redemption value For Late gold bond ,Natural) 2016-17 series IV, which is due to redemption on today, March 17, 2025.
The SGBS was repayable after eight years from the date of the points, giving the last redemption date 17, 2025.
Final redemption value
The final redemption price for SGB 2016-17 Series IV has been set at Rs 8,634 per gram. This price is based on the price of the simple average closing gold for three commercial days – March 11, March 12, and 13 March, 2025, ET.
Sovereign Gold Bond (SGB) 2016-17 Series IV was released on March 17, 2017 on the issue of Rs 2,943 per gram, including a discount of Rs 50 for online applicants. With a final redemption value of Rs 8,634 per gram, investors have made an impressive comeback of 193% in eight years, except for the interest component.
In addition to capital appreciation, SGB holders also earned a certain 2.50% annual interest, paying semi-annual (without compounding).
One of the major benefits of SGB is that they are exempted from capital gains tax when they are held up to maturity. This means that the entire appreciation in value is tax-free for investors.
Calculation of final redemption value
The last redemption price of Rs 8,634 was determined by calculating the average closing price of gold during the period from 10 March to March 13, 2025, except for the holiday of March 14, 2025.
What are sovereign gold bonds (SGB)?
The sovereign gold bonds are government securities issued by the RBI by the Government of India. Sect in gold gram, these bonds offer an option for physical Gold investment And provide periodic interest to investors.
SGBs are available as defined under the Foreign Exchange Management Act, 1999 for Indian residents. Eligible investors include individuals, Hindu undivided families (HUF), Trust, University and Charitable Institutions. Even if a person transforms his residential status from a resident to a non -resident, they can catch SGBS until early redemption or maturity.
The SGB is sold through various authorized agencies, including nationalized banks, scheduled private banks, scheduled foreign banks, nominated post offices, Stock Holding Corporation of India Limited (SHCIL), and stock exchanges, either directly or through their agents.
Respiration process for SGBS
A month before maturity, investors will be informed about the upcoming redemption. On the date of maturity, income will be deposited to the registered bank account of the investor. If there is any change before maturity, investors should update their bank account or contact details immediately.