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    <title>RBI sets Rs 12,801 as redemption price for SGBs</title>
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    <description>The Reserve Bank fixed the redemption price for specified sovereign gold bonds at Rs 12,801 per unit for SGB 2017 18 Series XI and for premature redemption of 2019 20 Series I; the price is calculated as the simple average of closing prices of 999 purity gold over the three previous working days as published by the bullion industry price source, and Series XI investors had purchased at Rs 2,954 per unit and earned 2.5% per annum interest.</description>
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