In terms of GOI notification [F.No.4(19)-W&M/2014] and Reserve Bank of India (RBI) circular IDMD.CDD.No.939/14.04.050/2015-16, dated October 30, 2015 the redemption price of Sovereign Gold Bond (SGB) is based on the simple average 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.
- The Bonds shall be repayable on the expiration of eight years from March 29, 2016, the date of issue of Gold bonds.
- Further, Pre-mature redemptions of the Bond will be permitted from fifth year of the date of issue
- Generally, the redeem price shall be fixed in Indian Rupees on the basis of the previous week’s (Monday – Friday) simple average closing price for gold of 999 purity, published by IBJA.
Accordingly, the redemption price for the early redemption due on May 30, 2021 shall be ₹4837/- per unit of SGB and payable on May 29, 2021 (May 30, 2021 being a Sunday).
Subscribers are advised to contact their respective Vendor for early redeem of SGB either fully or partially.