Early redemption of Sovereign Gold Bonds is permitted after five years from the issue date, subject to specific coupon payment dates. Investors can adhere to the RBI's guidelines and submit redemption requests in a timely manner through their issuing bank or authorised agent.
Senco Gold share price: The scrip had staged some recovery after BSE data showed that Senco's promoter group entity, Jai Hanuman Shri Siddhivinayak Trust, picked up an additional 1.61 lakh shares and 80,400 shares on March 18 and March 19, respectively, increasing the holding to 41.31 per cent from 41.16 per cent earlier.
In April 2025, investors holding specific Sovereign Gold Bonds (SGBs) from the 2017-18 series will have the opportunity for premature redemption. The bonds affected include SGB 2017-18 Series III, IV, and V, with redemption dates set for April 16, April 23, and April 30, respectively.
Last week, the global price of gold surpassed $3,000 per ounce for the first time.
Senco Gold share price: The stock climbed 5 per cent to hit its upper price band of Rs 274.80. At this price, it has rebounded 15.72 per cent in three trading days.
China discovers a massive $83 billion gold deposit, potentially reshaping global markets. With 1,000 metric tons of gold, this could be one of history’s biggest finds.
With gold prices soaring to $3,000 per ounce and global uncertainties mounting, what's the outlook for gold? In this excerpt from Business Today TV's Market Guru, Dinshaw Irani, CEO, Helios Capital, shares his perspective. Dinshaw Irani emphasizes that gold primarily serves as a hedge against uncertainty and inflation. He points to the current situation in the U.S., where President Trump's tariff policies and potential currency wars are creating significant uncertainty and the likelihood of rising inflation. Dinshaw Irani believes that as long as these uncertainties persist, gold will remain a valuable hedge. He concludes that the firmness of gold prices is a direct result of these global economic and political factors, indicating a continued positive outlook for gold.
RBI has confirmed premature redemption for SGB 2019-20 Series IV, originally issued on September 17, 2019, also maturing on March 17, 2025.
Gold has already hit 13 all-time highs this year, continuing its upward streak for a second consecutive week. The surge is being driven by a mix of inflation concerns, Federal Reserve policies, and geopolitical tensions.
SGB 2019-20 Series X, issued in March 2020, is now eligible for early redemption. Investors can redeem it at Rs 8,596 per unit after five years, with tax-free capital gains upon maturity or RBI-facilitated redemption.
As of March 2025, gold in Dubai is priced at $887.63 per 10 grams, translating to Rs 77,281.46. In contrast, the same quantity in Mumbai costs approximately Rs 87,480, reflecting an 11.58% price advantage in Dubai.
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