The Reserve Bank of India (RBI) on December 03, 2024, issued a notification regarding Premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on December 04, 2024 (Series X of SGB 2017-18).
The following has been stated: -
•Premature redemption of Sovereign Gold Bond (SGB) 2017-18 Series X is allowed from December 04, 2024, five years after issuance.
•The redemption price will be ₹7,646 per unit, based on the average closing gold price of 999 purity for the three business days preceding the redemption (November 29, December 02, and December 03, 2024).
•This follows the guidelines set by the GOI Notification F.No.4(25)–W&M/2017 dated October 06, 2017.
The detailed notification is given in the document below.
[Notification No. 2024-2025/1634]
