Press release- Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on December 31, 2022 (January 01, 2023 being a Sunday) (SGB 2017-18 Series XIV) (dated- 30.12.2022)-RBI.

  • 02nd, January 2023
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Press release- Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on December 31, 2022 (January 01, 2023 being a Sunday) (SGB 2017-18 Series XIV) (dated- 30.12.2022)-RBI.

Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on December 31, 2022 (January 01, 2023 being a Sunday) shall be ₹5470/- (Rupees Five thousand four hundred seventy only) per unit of SGB based on the simple average of closing gold price for three business days i.e., December 28, December 29 and December 30, 2022, refer attachment for further details.

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