New Delhi, Oct. 17 -- The Reserve Bank of India (RBI) has fixed the premature redemption price of Sovereign Gold Bond (SGB) 2020-21 Series VII at Rs.14,614 per gram. The due date for premature redemption of this tranche is fixed at October 19, 2026 (Monday), as October 20 is a holiday on account of Dussehra.

Sovereign Gold Bonds are government securities denominated in grams of gold and issued by the RBI on behalf of the Government of India. They allow investors to benefit from movements in gold prices without physically holding the metal.

In addition to potential price appreciation, these gold bonds offer fixed interest of 2.5% per annum on the initial investment amount.

According to the RBI's press release on Friday, "premature redem...