RBI announces final redemption price of Sovereign Gold Bond 2016-17 Series IV

The RBI has announced the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV at Rs 8,634 per gram. Issued in March 2017 at Rs 2,943 per gram, investors earned a 193% return over eight years, excluding interest. SGBs provide capital appreciation, tax exemptions, and periodic interest, making them an attractive investment option.

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