Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on June 18, 2024 (Series XII of SGB 2017-18)

As per GOI Notification F.No. 4(25) - W&M/2017 dated October 06, 2017, under the Sovereign Gold Bond Scheme, premature redemption of Gold Bonds is allowed after the fifth year from the date of issue. For the SGB 2017-18 Series XII issued on December 18, 2017, the next premature redemption date is scheduled for June 18, 2024. \r

The redemption price will be determined based on the simple average of the closing gold prices of 999 purity over the preceding three business days, published by the India Bullion and Jewellers Association Ltd (IBJA). The redemption price for June 18, 2024, is set at ₹7,165 per unit of SGB.