The Reserve Bank of India (RBI) on December 09, 2024, notified regarding the premature redemption under the Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on December 10, 2024 (Series VII of SGB 2019-20).
The following has been stated namely: -
• It states the redemption price of SGB shall be based on the simple average of 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 December 10, 2024, shall be ₹7,644/- (Rupees Seven Thousand Six Hundred and Forty-Four only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., December 05, December 06, and December 09, 2024.
[Press Release: 2024-2025/1668]
