The Reserve Bank of India has announced the redemption date and price for premature redemption of a specific tranche of Sovereign Gold Bonds. The redemption will take place on September 7, 2026, and the redemption price will be based on the simple average of the closing price of gold for three business days preceding the redemption date.
In a press release dated September 7, 2021 (Press Release: 2026-2027/1047), the Reserve Bank of India (RBI) has outlined the terms for premature redemption of Sovereign Gold Bonds. According to the GOI notification F.No. 4(5)-B(W&M)/2021 dated May 12, 2021, investors may be eligible for premature redemption from the fifth year after the issue date of such bonds. The specific tranche for which premature redemption is being discussed will be redeemed on September 7, 2026. The redemption price for this premature redemption will be based on the simple average of the closing price of gold of 999 purity for the three business days preceding the redemption date as published by the India Bullion and Jewellers Association Ltd (IBJA). According to the source, the calculated redemption price for premature redemption due on September 7, 2026, is ₹15,334/- per unit of SGB. This calculation was made using the closing prices of gold for the three business days preceding the redemption date: September 2, September 3, and September 4, 2026.
Source:
Reserve Bank of India
