Investors holding the Sovereign Gold Bond (SGB) 2020-21 Series-II are set to realise a price gain of about 171%—excluding interest payouts—as the Reserve Bank of India (RBI) has fixed the premature redemption price at ₹12,330 per unit for the window due on Wednesday, November 19, 2025.

The bond was issued on May 19, 2020 at ₹4,540 per gram for offline subscribers, while online investors received a ₹50 discount per gram. The rise to this redemption value reflects the sustained appreciation in domestic gold prices over the past five years.

As per scheme rules, premature redemption is allowed only after the fifth year from the issue date and only on interest payment dates.

The RBI said the redemption price has been computed using the simple average of closing prices of 999-purity gold, bas

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