The Reserve Bank of India (RBI) on November 24, 2023, notified regarding the Final redemption under the Sovereign Gold Bond (SGB) Scheme - Price for the final redemption of SGB 2015-I is due on November 30, 2023.
The redemption price of SGB shall be based on the simple average of the closing price of gold 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 price for the final redemption due on November 30, 2023, shall be ₹6132/- (Rupees Six thousand one hundred thirty-two only) per unit of SGB based on the simple average of the closing price of gold for the week of November 20-24, 2023.
[Press Release: 2023-2024/1359]
