MUMBAI, India, Sept. 16 -- Reserve Bank of India issued the following press release:
In terms of GOI notification F.No. 4(7)-B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series-IV-Issue date September 17, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on September 17, 2025.
2. Further, the redemption price of SGB shall be based on 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 September 17, 2025, shall be ₹11,003/- (Rupees Eleven Thousand and Three only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., September 12, September 15, and September 16, 2025.
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2025-2026/1107
Disclaimer: Curated by HT Syndication.
