Along with announcing redemption price for premature exit for Sovereign Gold Bond 2018-19 Series-III, the Reserve Bank of India (RBI) also announced that the final redemption of Sovereign Gold Bond (SGB) 2017-18 Series-VII will take place on November 13, 2025, with a redemption price of Rs 12,350 per gram.

Priced at Rs 2,961 per gram, the series was originally issued on November 13, 2017, under the Government of India’s notification F.No.4(25)-(W&M)/2017 dated October 6, 2017. The bonds were designed to mature after eight years, meaning investors will now receive their final payout exactly on the maturity date.

How the redemption price is calculated

The redemption price for Sovereign Gold Bonds is determined based on the simple average of gold prices (999 purity) published by the India

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