In terms of GOI Notification F. No. 4(20) - W&M/2017 dated July 06, 2017 (SGB 2017-18 Series II-Issue date July 28, 2017) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable.  Accordingly, the next due date of premature redemption of the above tranche shall be July 26, 2024 (July 27 and 28 being non-working Saturday and Sunday respectively).

2. Further, the redemption price of SGB shall be based on simple average of closing gold price of 999 purity, of the week (Monday-Friday), preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on July 26, 2024 (July 27 and 28 being non-working Saturday and Sunday respectively) shall be ₹7337/- (Rupees Seven thousand three hundred and thirty-seven only) per unit of SGB based on the simple average of closing gold price for the week i.e. July 15 – July 19, 2024.

Ajit Prasad           
Deputy General Manager
(Communications)    

Press Release: 2024-2025/741