RBI Sets Sovereign Gold Bond Premature Redemption Price at 14,931 Rupees
The Reserve Bank of India has fixed the redemption price for the premature exit of Sovereign Gold Bond (SGB) 2019-20 Series-VI at ₹14,931 per unit, effective April 30, 2026. This price is calculated based on the simple average of the closing prices of 999 purity gold over the three business days preceding the redemption date. The facility applies to bonds that have completed five years from their date of issue.
Key Facts
- RBI / SGB redemption price : ₹14,931 per unit
- Bond / issue series : 2019-20 Series-VI
- Data / pricing source : India Bullion and Jewellers Association (IBJA)
- Rule / redemption window : after 5 years from issue
Sovereign Gold Bonds are government securities denominated in grams of gold, issued by the RBI on behalf of the Government of India. The 2019-20 Series-VI was originally issued on October 30, 2019. Under the original notification (F.No.4(7)-B(W&M)/2019), investors are allowed a premature redemption option starting from the fifth year of the bond's tenure, specifically on the dates when interest is payable. The current announcement targets the window opening on April 30, 2026.
The calculation methodology for the redemption price is standardized to ensure fairness and transparency. The RBI utilizes data from the India Bullion and Jewellers Association Ltd (IBJA) for the three business days—April 27, April 28, and April 29, 2026—to arrive at the average price of ₹14,931 per unit. This process protects investors from sudden market volatility on the exact day of redemption by providing a balanced three-day average.
- Bond Series: SGB 2019-20 Series-VI.
- Redemption Price: ₹14,931 per unit.
- Calculation Basis: Simple average of gold prices (999 purity).
- Relevant Dates for Pricing: April 27, 28, and 29, 2026.
Glossary
999 Purity: Refers to 24-karat gold that is 99.9% pure, which is the standard benchmark for pricing high-value gold instruments.
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