The Sovereign Gold Bonds (SGB) 2020–21 Series VII has opened early redemption, offering over 200% returns as gold prices surge. The Reserve Bank of India fixed payout at ₹15,254 per unit for eligible investors
Gold prices ended slightly higher this week with positive bias amid safe haven demand. Analysts expect prices to trade between Rs 1,07,500 and Rs 1,11,000, with focus on upcoming US economic data
In India, the gold prices have fallen from Rs 78,566 per 10 grams on November 6, when Donald Trump won the US Presidential election, down to Rs 73,740 per 10 grams on November 14 (Thursday), which is over 6 per cent drop, as per data from the India Bullion and Jewellers Association
