The Reserve Bank of India (RBI) on July 21, 2023, notified regarding the premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on July 28, 2023.
The redemption price of SGB shall be based on the simple average closing gold price of 999 purity of the week (Monday-Friday) preceding 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 July 28, 2023, shall be ₹5,956/- (Rupees Five thousand nine hundred fifty-six only) per unit of SGB based on the simple average of closing gold price for the week of July 17-21, 2023.
[Press Release: 2023-2024/637]
