The Reserve Bank of India (RBI) on May 03, 2023, notified regarding the Redemption Price for premature redemption due on May 04, 2023.
Further, the redemption price of SGB shall be based on the simple average of 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).
Accordingly, the redemption price for the premature redemption due on May 04, 2023, shall be ₹6054/- (Rupees Six thousand fifty-four only) per unit of SGB based on the simple average of closing gold price for the last three days of April 28, May 02 and May 03, 2023 (April 29, April 30 and May 01, 2023, being Saturday, Sunday and Holiday respectively).
[Press Release: 2023-2024/175]
