The Reserve Bank of India (RBI) on December 31, 2024, notified regarding the premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on January 01, 2025 (Series XIV of SGB 2017-18 and Series IV of SGB 2018-19).
The following has been stated namely: -
• It states the next due date of premature redemption of the above tranches shall be January 01, 2025.
• It further states that the redemption price for Sovereign Gold Bonds (SGB) due for premature redemption on January 1, 2025, is set at Rs. 7,626 per unit. This is based on the simple average of the closing gold prices of 999 purity for the three business days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA).
[Circular no. - 2024-2025/1830]
