The Reserve Bank of India (RBI) on November 08, 2024, RBI issued the premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on November 12, 2024 (Series I of SGB 2017-18).
The redemption price of SGB shall be based on simple average of 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 November 12, 2024 shall be ₹7,788/- (Rupees Seven thousand seven hundred and eighty-eight only) per unit of SGB based on the simple average of closing gold price for the week November 04-08, 2024.
[Press Release: 2024-2025/1469]
