Sovereign Gold Bond 2017–18 Series XIV Redeems at ₹13,486, Delivers 376% Return Over 8 Years

The Sovereign Gold Bond (SGB) 2017-18 Series XIV reached its final maturity on January 1, 2026. Issued at an initial price of ₹2,881 per gram, investors now receive ₹13,486 per gram, marking significant capital appreciation over the 8-year holding period, along with annual interest payments. 

Final Redemption and Capital Appreciation 

The Reserve Bank of India has announced the redemption price for the SGB 2017-18 Series XIV at ₹13,486 per unit. This was based on the average closing price of gold of 999 purity on December 29, 30 and 31, 2025, as published by the India Bullion and Jewellers Association. The bonds were originally issued at ₹2,881 per gram on January 1, 2018.  

Investors who subscribed online paid a discounted price of ₹2,831 per gram. With the final redemption price set at ₹13,486, holders of the bond see a capital appreciation of approximately 376% over the purchase price. 

Interest Payout and Tax Benefits 

In addition to capital gains, SGB holders earned a 2.5% fixed annual interest, paid semi-annually. Over the 8-year tenure, investors received periodic payments directly into their bank accounts.  

Moreover, capital gains realised at maturity are exempt from income tax for individual investors, making SGBs a tax-efficient avenue compared to physical gold or other market-linked products. 

Read More: Sovereign Gold Bond 2017–18 Series XIII Redeems at ₹13,563, Delivers 369% Return Over 8 Years! 

Government Mobilisation through SGB Scheme 

As of March 31, 2025, the government had mobilised approximately 146.96 tonnes of gold worth ₹72,275 crore through 67 tranches under the Sovereign Gold Bond scheme.  

Until June 15, 2025, around 18.81 tonnes of SGBs had been redeemed by investors. The scheme allows participation in gold price movements without the risk and cost associated with physical storage. 

Conclusion 

The Sovereign Gold Bond 2017-18 Series XIV has concluded with significant returns for investors. With both capital appreciation and tax-free benefits, along with regular interest income, this tranche of SGBs served as an effective wealth-accumulating instrument during its tenure. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.