The Reserve Bank of India (RBI) on January 19, 2024, notified the Premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on January 25, 2024.
Accordingly, the next due date of premature redemption of the above tranche will be January 25, 2024 (January 26, 27 and 28 being holidays, non-working Saturday and Sunday respectively).
Further, 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 premature redemption due on January 25, 2024 (January 26, 27 and 28 being holidays, non-working Saturday and Sunday respectively) shall be ₹6,239/- (Rupees Six thousand two hundred and thirty-nine only) per unit of SGB based on the simple average of closing gold price for the week January 15-19, 2024.
[Press Release: 2023-2024/1719]
