In terms of Government of India Notification F.No. 4(19)-W&M/2014 dated January 14, 2016 and RBI circular IDMD.CDD.No.1573/14.04.050/2015-16 dated January 14, 2016, the redemption price of Sovereign Gold Bond (SGB) is based on the simple average closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption i.e. February 01-05, 2021.

Accordingly, the redemption price for the early redemption due on February 8, 2021 in respect of the bonds issued on February 8, 2016 shall be ₹4796/- per unit of SGB.

Ajit Prasad
Director   

Press Release: 2020-2021/1060