RBI sets SGB 2021-22 Series VII redemption price at ₹14,167
In short
The RBI has set the premature redemption price of Sovereign Gold Bonds 2021-22 Series VII at ₹14,167 per gram. The report says investors may see nearly 200% gains over the original issue price.
This matters for bond holders who may redeem on 2 November. The report does not say how many investors will redeem or what the exact issue price was.
What the reporting says
The RBI fixed the premature redemption price of Sovereign Gold Bonds 2021-22 Series VII at ₹14,167 per gram, according to the report. The summary says investors redeeming the bonds can earn capital gains of nearly 200% over the original issue price. The immediate consequence is a specified exit value for holders due for premature redemption on 2 November, though the source does not provide the issue price or the number of investors affected.
Why it matters
The RBI fixed the premature redemption price of Sovereign Gold Bonds 2021-22 Series VII at ₹14,167 per gram. The report says this implies nearly 200% capital gains over the original issue price for investors choosing to redeem on 2 November. The source does not state the issue price, investor count, or whether all eligible holders will redeem.