Sovereign gold bonds, Aug. 11 -- Two tranches of sovereign gold bonds (SGBs) are due for premature redemption today, August 11, according to a Reserve Bank of India (RBI) circular.

The 2019-20 Series IX (issued in February 2020) and the 2020-21 Series V (issued in August 2020) can be redeemed today at Rs.10,070 per gram, the RBI said, providing investors the opportunity to earn up to 147% returns on their investments.

The redemption price of the SGBs has been decided based on the simple average of the closing gold price of 999 purity of the previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA).

While the tenure of these gold bonds is eight years, investors have ...