The Reserve Bank of India (RBI) on December 21, 2023, issued a notification regarding Premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on December 26, 2023 (SGB 2017-18 Series XIII).
The next due date of premature redemption of the above tranche shall be December 26, 2023.
Further, the redemption price of SGB shall be based on the simple average of the 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 December 26, 2023, shall be ₹6249/- (Rupees Six thousand two hundred forty-nine only) per unit of SGB based on the simple average of closing gold price for three business days i.e., December 20-22, 2023.
[Notification No. 2023-2024/1535]
