Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2018-19 Series-II due on October 23, 2026
In terms of GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-II-Issue date October 23, 2018) 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 October 23, 2026. 2. Further, the redemption price of SGB shall…
The Sovereign Gold Bond Scheme (SGB) has been granted final redemption for the 2018-19 Series-II. As per the notification from the Government of India (F.No.4(22)-B(W&M)/2018), dated October 08, 2018, the final redemption date for this tranche is set for October 23, 2026. The bond's repayment follows an eight-year term from the issuance date, which was October 23, 2018.
The redemption price is determined by the simple average of the closing price of 999-purity gold for the three business days preceding the redemption date, as reported by the India Bullion and Jewellers Association Ltd (IBJA). Thus, the final redemption price for October 23, 2026, has been calculated to be ₹14,425 per unit of SGB.
This price is derived from the average of the gold closing prices for October 19, October 21, and October 22, 2026. Deputy General Manager Ajit Prasad provided this information in a press release dated 2026-2027/1369.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
