The Reserve Bank of India (RBI) on May 03, 2024, issued a notification regarding the Premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on May 27, 2024 (Series IX of SGB 2017-18).
The next due date for premature redemption of the above tranche shall be May 27, 2024.
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 May 27, 2024, shall be ₹7296/- (Rupees Seven thousand Two hundred and Ninety-Six Only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., May 22, May 23, and May 24, 2024.
[Notification No. 2024-2025/372]
