Press release-Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on November 19, 2022 (November 20, 2022 being a Sunday) (SGB 2017-18 Series VIII) (dated-18.11.2022)-RBI.

  • 22nd, November 2022
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Press release-Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on November 19, 2022 (November 20, 2022 being a Sunday) (SGB 2017-18 Series VIII) (dated-18.11.2022)-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 November 19, 2022 (November 20, 2022 being a Sunday) shall be `5298/- (Rupees Five thousand two hundred ninety-eight only) per unit of SGB based on the simple average of closing gold price for three business days i.e., November 16, 17 and 18, 2022 and refer attachment for further details.
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