The Government of India sets the redemption price for Sovereign Gold Bonds, Series VI, at ₹5,377 per gram for premature redemption due on August 12, 2026.
Premature Redemption Price for Sovereign Gold Bonds on August 12, 2026
The Government of India has announced the redemption price for the Sovereign Gold Bond (SGB) 2018-19 Series VI for premature redemption on August 12, 2026. The redemption price per gram has been set at ₹5,377, which is determined based on a simple average of the closing price of gold of 999 purity of the last three working days.
Investors seeking to redeem their SGBs before the maturity period should note that this option is available after a period of five years from the date of issuance. The bonds were issued on February 12, 2019, allowing for this redemption now.
This announcement may influence investment decisions among gold bond holders, especially in a fluctuating gold price environment. Legal and financial advisors should keep abreast of such developments to provide timely advice to their clients holding these instruments.
Citations
- Government of India Notification (2018)
