The Reserve Bank of India (RBI) on August 02, 2024, issued a notification regarding the Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for the final redemption of SGB 2016-17 Series I due on August 5, 2024.
The redemption price of SGB shall be based on the simple average of closing price of gold 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 the final redemption due on August 05, 2024 shall be ₹6938/- (Rupees Six thousand nine hundred and thirty eight only) per unit of SGB based on the simple average of closing price of gold for the week July 29 - August 02, 2024.
[Press Release: 2024-2025/829]
