RBI Sets ₹14,901 Final Redemption Price for 2018-19 Series-I Sovereign Gold Bonds
The Reserve Bank of India has fixed the final redemption price for Sovereign Gold Bond 2018-19 Series-I at ₹14,901 per unit. The bonds mature on May 4, 2026, completing the mandatory eight-year investment cycle defined at issuance. Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2018-19 Series In terms of GOI notification F.No.4(8)-W&M/2018 dated April 13, 2018 (SGB 2018-19 Series-I-Issue date May 04, 2018) on Sovereign Gold.
The 2018-19 Series-I Sovereign Gold Bonds reach their full eight-year maturity on May 4, 2026. Investors in this tranche will receive ₹14,901 per unit, a value directly linked to the market performance of 999 purity gold. The Reserve Bank determined this exit price by averaging the closing rates reported by the India Bullion and Jewellers Association Ltd (IBJA) over the final three business days of April 2026.
As a government-backed alternative to physical bullion, the SGB scheme eliminates storage risks while providing periodic interest. The redemption process follows the original 2018 notification, which mandates an eight-year lock-in with a transparent exit based on current gold prices rather than historical purchase costs.
| Parameter | Detail |
|---|---|
| Series Name | SGB 2018-19 Series-I |
| Issue Date | May 04, 2018 |
| Redemption Date | May 04, 2026 |
| Redemption Price | ₹14,901 per unit |
Glossary
Sovereign Gold Bond (SGB): Government securities denominated in grams of gold, issued by the RBI on behalf of the Government of India.
IBJA: India Bullion and Jewellers Association Ltd, the industry body responsible for publishing daily gold price benchmarks used for bond valuations.
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