RBI Sets Final Redemption Price at ₹14,901 for Sovereign Gold Bond 2018-19 Series-I
Why it matters
As per the Government of India's notification from April 13, 2018, the Sovereign Gold Bond 2018-19 Series-I, originally issued on May 4, 2018, has reached its eight-year maturity. This government-backed scheme acts as an alternative to holding physical gold.
The redemption price is calculated based on the simple average of the previous three business days' closing prices for 999 purity gold, as published by the India Bullion and Jewellers Association Ltd (IBJA). For the May 4, 2026 maturity date, this average was ₹14,901 per unit, based on gold prices recorded on April 28, 29, and 30, 2026. This ensures a market-linked repayment for bondholders.
| Parameter | Value |
|---|---|
| SGB Series | 2018-19 Series-I |
| Redemption Date | May 04, 2026 |
| Redemption Price | ₹14,901 per unit |
| Calculation Period | April 28-30, 2026 |
Glossary
Term: IBJA: India Bullion and Jewellers Association Ltd, the body responsible for publishing closing prices of gold in India.
Term: Redemption: The action of regaining possession of something in exchange for payment, or clearing a debt.
NaukriSync Exam Angle
Banking & Finance. Key fact to memorise: The final redemption price for SGB 2018-19 Series-I is set at ₹14,901 per unit, based on gold of 999 purity. Most likely format: MCQ one-liner regarding the maturity period of SGBs (8 years) or the institutional source for gold pricing (IBJA).