The Reserve Bank of India (RBI) has announced the premature redemption price for the Sovereign Gold Bond (SGB) 2018–19 Series-I, which was originally issued on May 4, 2018. As per the central bank’s notification, eligible investors can opt for early redemption of their SGB holdings on November 4, 2025, in accordance with the terms of the Government of India’s Sovereign Gold Bond Scheme. Advertisement

How the redemption price is calculated

The redemption value of SGBs is based on the simple average closing price of gold of 999 purity, as published by the India Bullion and Jewellers Association (IBJA), for the preceding three working days before the redemption date.

For this tranche, the redemption price has been fixed at Rs 12,039 per gram, derived from the average gold prices on Octobe

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