The Reserve Bank of India (RBI) on December 10, 2024, notified regarding the premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on December 11, 2024 (Series XI of SGB 2017-18 and Series I of SGB 2019-20).
The redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of 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 11, 2024, shall be ₹7,668/- (Rupees Seven Thousand Six Hundred and Sixty-Eight only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., December 06, December 09, and December 10, 2024.
[Press Release: 2024-2025/1676]
