The Reserve Bank of India (RBI) on May 03, 2024, issued the Premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on May 04, 2024 (Series I of SGB 2018-19) and May 06, 2024 (Series VI of SGB 2017-18).
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 May 04, 2024, and May 06, 2024, shall be ₹7141/- (Rupees Seven Thousand one hundred Forty-one only) per unit of SGB based on the simple average of closing gold price for three business days i.e., April 30, May 02 and 03, 2024.
[Press Release: 2024-2025/246]
