The Reserve Bank of India has said that the two sovereign gold bonds series IV 2017-18, the final redemption of Series II SGB 2018-19 is to be held on 23 April 2025.

The final redemption of SGB will be based on the simple average of the 999 purity of gold from the last three trading days from the date of the redemption, as is published by the India Bullion and Jewelers Association Limited (IBJA).

RBI said, “Government of India notification F. No. 4 (25) -W & M/2017 dated 06 October 2017 (SGB 2017-18 Series IV-issue date 23 October 2017) and Government of India notification F. No. 4 (22)-W. 4 (22)-W. 4 (22)-W. 4 (22)-W. 4 (22)-W. 4 (22)-W. 4 (22)-2018 October 08, 2018 (SGB 2018-19-19 SGB 2018-19 series II-Date Date 23 October, 2018) The permission of the redemption can be given on the date after the date of the release of such gold bonds, the date on which the interest is payable.

Sovereign Gold Bond Scheme: How much money you will get? In addition, the redemption value of SGB will be based on the simple average of the 999 purity of gold of the last three business days from the redemption date, as is published by the India Bullion and Jewelers Association Limited (IBJA).

Accordingly, the redemption price for the premature redemption payable on April 23, 2025 will be the three business days i.e. April 17, April 21 and April 22, 2025, based on the simple average of the closed price for April 17, April 21 and April 22, 2025, Rs 9,669/- per unit of Rs 9,669/- (only nine thousand six hundred and sixth rupees) per unit.

What is Sovereign Gold Bond Scheme?

The Sovereign Gold Bond Scheme has government securities evaluated in the gold gram. They are the options to keep physical gold. Investors will have to pay the issued price in cash and the bonds will be redeemed in cash on maturity. Bond is issued by the Reserve Bank of India.

How is the Sovereign Gold Bond Scheme being sold?

Bonds will be sold through Scheduled Commercial Banks (except small finance banks and payments), Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges such as National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

Who can buy a Sovereign Gold Bond Scheme?

Bond sales will be limited only to resident individuals, HUF, trust, universities and charitable institutions.