New Delhi, Aug. 12 -- Investors holding the Sovereign Gold Bond (SGB) 2018-19 Series VI are set for a substantial gain as the Reserve Bank of India (RBI) has fixed the premature redemption price at Rs.15,102 per unit. The redemption window opens on 12 August 2026.

The tranche was issued on 12 February 2019 at Rs.3,276 per gram for investors who applied online and paid digitally. The Rs.50 per gram online discount meant that the regular issue price was Rs.3,326 per gram.

At Rs.15,102, investors who bought the bond at the discounted issue price of Rs.3,276 stand to make an absolute gain of Rs.11,826 per unit. This translates into a return of about 361.1% from gold price appreciation alone.

In other words, an investment of Rs.1 lakh at th...