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Sovereign Gold Bond Important News: Redemption Date of SGB and Price Released, Check Here


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The Government of India has announced the next date for the premature redemption of Sovereign Gold Bonds (SGB) issued under the SGB 2018-19 Series V. As per the notification dated October 8, 2018, premature redemption is permitted after the completion of five years from the issue date, aligned with the interest payment schedule. For this tranche, the premature redemption date is set for January 22, 2025.

The redemption price will be calculated based on the simple average of the closing gold prices of 999 purity for the three business days preceding the redemption date. The prices are determined as per the data published by the India Bullion and Jewellers Association Ltd (IBJA).

For the upcoming redemption on January 22, 2025, the price has been fixed at ₹7,935 per unit, based on the average closing gold prices recorded on January 17, January 20, and January 21, 2025.

Investors holding SGBs under this tranche can opt for redemption on this date and receive the fixed price per unit. For further details or assistance, investors are advised to contact their respective issuing banks or designated agents.

How to Redeem SGB?

SGBs can be redeemed prematurely after five years from the date of issue. In another case, SGBs can also be redeemed on maturity, which is eight years from the date of issue.

In case of premature redemption, investors can approach the concerned bank/SHCIL offices/Post Office/agent thirty days before the coupon payment date. Requests for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date. The proceeds will be credited to the customer’s bank account provided at the time of applying for the bond.

On maturity, the gold bonds are redeemed in Indian Rupees and the redemption price is based on the simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.

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