RBI Sets Final Redemption Price for SGB 2018-19 Series-I at ₹14,901 Per Unit
Why it matters
The Sovereign Gold Bond (SGB) 2018-19 Series-I, originally issued on May 4, 2018, reaches its scheduled eight-year maturity this May. Following the Government of India notification dated April 13, 2018, the RBI has declared the final settlement price based on the current market value of gold. This payout concludes the specific investment cycle for bonds held since the 2018 issuance.
The redemption price of ₹14,901 per unit represents the simple average of the closing prices for 999 purity gold as reported by the IBJA for April 28, April 29, and April 30, 2026. Beyond the significant capital appreciation reflected in this final price, bondholders have also benefited from periodic interest payments throughout the eight-year tenure. This series marks one of the earlier tranches to reach full term, demonstrating the long-term yield structure of the SGB scheme.
| Metric | Details |
|---|---|
| Series Name | SGB 2018-19 Series-I |
| Maturity Date | May 04, 2026 |
| Redemption Price | ₹14,901 per unit |
| Calculation Period | April 28–30, 2026 |
Glossary
Term: IBJA. The India Bullion and Jewellers Association Ltd, which provides the benchmark gold prices used by the RBI for bond valuation.
Term: 999 Purity. Refers to 24-carat gold, indicating a purity level of 99.9%.
NaukriSync Exam Angle
Banking & Finance. Memorise the standard SGB tenure of 8 years and the role of IBJA in price determination. The redemption price of ₹14,901 for this specific 2018-19 series is a key factual data point. Likely question: The agency responsible for the gold price benchmarks in SGB redemptions.