The Reserve Bank of India (RBI) has fixed the premature redemption price for Sovereign Gold Bond (SGB) 2019-20 Series V at Rs 14,725 per unit, with redemption due on October 15, 2026.
As per the Government of India notification dated September 30, 2019, premature redemption of the gold bonds is permitted after the completion of five years from the date of issue, on the date interest is payable.
The redemption price has been determined based on the simple average of the closing prices of 999-purity gold for the three preceding business days, October 12, October 13 and October 14, 2026, as published by the India Bullion and Jewellers Association Ltd (IBJA).