The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond Scheme 2018-19 Series III, which is due for early redemption on May 13, 2026.
As per the Government of India notification dated October 8, 2018, investors are allowed premature redemption of Sovereign Gold Bonds after the completion of five years from the issue date on interest payment dates. The bonds under this tranche were issued on November 13, 2018.
The RBI said the redemption price for premature redemption due on May 13, 2026, has been fixed at Rs 15,102 per unit.
According to the central bank, the redemption price has been calculated based on the simple average of the closing price of 999 purity gold for the previous three business days — May 8, May 11 and May 12, 2026 — as published by the India Bullion and Jewellers Association (IBJA).