Press Releases - ఆర్బిఐ - Reserve Bank of India
Sovereign Gold Bonds
Press Releases
In terms of GOI notifications F.No.4(19) - W&M/2014 dated March 04, 2016 (SGB 2016, Series II - Issue date March 29, 2016) and F.No.4(7) - W&M/2016 dated August 29, 2016 (SGB 2016-17 Series II - Issue date September 30, 2016) on Sovereign Gold Bond (SGB) 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 tranches shall be September 29, 2023 and September 30, 2023, respectively.
2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption. Accordingly, the redemption price for the premature redemption due on September 29, 2023 and September 30, 2023 shall be ₹5921/- (Rupees Five Thousand Nine Hundred Twenty-one only) per unit of SGB based on the simple average of closing gold price for the week September 18-22, 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/977
In terms of GOI notifications F.No.4(19) - W&M/2014 dated March 04, 2016 (SGB 2016, Series II - Issue date March 29, 2016) and F.No.4(7) - W&M/2016 dated August 29, 2016 (SGB 2016-17 Series II - Issue date September 30, 2016) on Sovereign Gold Bond (SGB) 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 tranches shall be September 29, 2023 and September 30, 2023, respectively.
2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption. Accordingly, the redemption price for the premature redemption due on September 29, 2023 and September 30, 2023 shall be ₹5921/- (Rupees Five Thousand Nine Hundred Twenty-one only) per unit of SGB based on the simple average of closing gold price for the week September 18-22, 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/977
In terms of Government of India notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated June 14, 2023, the Sovereign Gold Bond Scheme 2023-24 - Series II will be open for subscription during September 11–15, 2023. The nominal value of the bond based on the simple average of closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three working days of the week preceding the subscription period, i.e. September 06, September 07, and September 08, 2023 works out to ₹5,923/- (Rupees Five thousand nine hundred and twenty three only) per gram of gold.
Government of India, in consultation with the Reserve Bank, has decided to offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and making the payment against the application through digital mode. For such investors, the issue price of Gold Bond will be ₹5,873/- (Rupees Five thousand eight hundred and seventy three only) per gram of gold.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/898
In terms of Government of India notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated June 14, 2023, the Sovereign Gold Bond Scheme 2023-24 - Series II will be open for subscription during September 11–15, 2023. The nominal value of the bond based on the simple average of closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three working days of the week preceding the subscription period, i.e. September 06, September 07, and September 08, 2023 works out to ₹5,923/- (Rupees Five thousand nine hundred and twenty three only) per gram of gold.
Government of India, in consultation with the Reserve Bank, has decided to offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and making the payment against the application through digital mode. For such investors, the issue price of Gold Bond will be ₹5,873/- (Rupees Five thousand eight hundred and seventy three only) per gram of gold.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/898
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