Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2018-19 Series-II due on October 23, 2026
The Government of India has announced the final redemption date for the Sovereign Gold Bond (SGB) Series-II issued in October 2018. These bonds, which mature after eight years, will be redeemed on October 23, 2026. Investors holding this specific tranche can now mark this date on their calendars for the maturity process.
This maturity is significant for investors as it marks the end of the bond's tenure. The redemption price will be determined based on the simple average of the closing price of 999 purity gold over the three business days preceding the maturity date. This ensures the payout reflects the current market value of gold at that time.
Key takeaways
- Category: Commodity.
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