Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2017-18 Series-II due on July 28, 2025 - RBI - Reserve Bank of India
Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2017-18 Series-II due on July 28, 2025
In terms of GOI Notification F.No.4(20)-W&M/2017 dated July 06, 2017 (SGB 2017-18 Series-II - Issue date July 28, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be July 28, 2025. 2. Further, the redemption price of SGB shall be based on the simple average of closing price of gold of 999 purity of the week (Monday-Friday), preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for the final redemption due on July 28, 2025, shall be ₹9,924/- (Rupees Nine Thousand Nine Hundred Twenty-Four only) per unit of SGB based on the simple average of closing gold price for the week July 21- 25, 2025. Ajit Prasad Press Release: 2025-2026/788 |