Investors in Sovereign Gold Bond (SGB) 2017-18 Series III now have the opportunity to opt for premature redemption at more than double the issue price. The Reserve Bank of India (RBI) has set the redemption price at INR 6,063 per gram, a whopping 104% increase from the issue price of INR 2,964 per gram.

The second due date for premature redemption of SGB 2017-18 Series III has also been determined by the RBI. These bonds were initially issued on October 16, 2017.

The redemption price is fixed at INR 6,063 per gram, while the second due date for premature redemption falls on April 15, 2023.

According to SGB regulations, premature redemption is allowed after the fifth year from the date of issue, on the date when interest is payable.

The RBI stated that the second due date for premature redemption of this SGB tranche is April 15, 2023, with April 16, 2023 being a Sunday. The redemption price for the premature redemption due on April 15, 2023, is INR 6,063 per unit of SGB, based on the simple average of closing gold prices for the last three days (April 11, 12, and 13, 2023) of 999 purity, as published by the India Bullion and Jewellers Association Ltd (IBJA).

This lucrative opportunity for SGB 2017-18 Series III investors offers an excellent return on investment, especially for those looking to diversify their portfolios with gold. With the redemption price set at more than double the initial investment, investors can enjoy significant profits while also benefiting from the stability and security that gold investments offer.

As the global economy continues to evolve, investments in gold and other precious metals remain a popular choice for those looking to hedge against inflation and market volatility. The SGB 2017-18 Series III premature redemption option is just one example of the many opportunities available to savvy investors in the gold market.

Found Gold encourages all interested investors to explore the various options available in the gold investment space, including Sovereign Gold Bonds, gold ETFs, and physical gold. With the right strategy and a diverse portfolio, investors can reap the rewards of gold investments and protect their financial future.