The Reserve Bank of India (RBI) on November 23, 2023, notified regarding the Premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on November 24, 2023.
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 premature redemption due on November 24, 2023 (November 25, 26 and 27 being non-working Saturdays, Sundays and holidays respectively) shall be ₹6142/- (Rupees Six thousand one hundred forty-two only) per unit of SGB based on the simple average of closing gold price for three business days i.e., November 21, 22 and 23, 2023.
[Press Release: 2023-2024/1344]
