The Reserve Bank of India (RBI) on July 19, 2024, issued a notification regarding the Premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on July 22, 2024 (Series V of SGB 2018-19).
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 July 22, 2024, shall be ₹7352/- (Rupees Seven thousand three hundred and fifty-two only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., July 16, July 18 and July 19, 2024.
[Notification No. 2024-2025/740]
