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RBI sets SGB 2020 21 Series VIII buyback price turning Rs 1 lakh into Rs 3.12 lakh
Economy
Published on 16 May 2026
Premature redemption price is locked to three days of gold
The RBI has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series-VIII, enabling investors to exit from May 18, 2026. The redemption is permitted after five years, on an interest-payment date. The RBI calculates the price using a simple average of 999-purity gold’s closing rates from the prior three working days (May 13 to May 15, 2026). The fixed rate comes to Rs 16,012 per unit, against an issue price of Rs 5,127 per gram for online buyers.
- Premature redemption starts May 18, 2026 for SGB 2020-21 Series-VIII
- Rule allows exit after five years on an interest-payment date
- RBI sets redemption using three-day average of 999 purity gold
- Redemption price fixed at Rs 16,012 per unit for May 18, 2026
- Online issue price was Rs 5,127 per gram, offline Rs 5,177
- Rs 1 lakh investment becomes about Rs 3.12 lakh, 212.30% simple return
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times