Redemption price of Sovereign Gold Bond Scheme 2017-18 – Series II due on July 28, 2025, shall be ₹9,924/-
Final redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for final redemption of SGB 2017-18 Series-II due on July 28, 2025.
The Sovereign Gold Bond Scheme 2017-18 – Series II was notified on 06.07.2017. The Gold Bonds under this Scheme may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual.
The Gold Bond was to be matured on the expiration of eight years from the 28th day of July 2017 and on maturity, the Gold Bonds was to be redeemed in Indian Rupees and the redemption price to be taken was to be based on simple average of closing price of gold of 999 purity of previous week (Monday to Friday) published by the India Bullion and Jewellers Association Limited (IBJA).
Accordingly, the final redemption date of Sovereign Gold Bond Scheme 2017-18 – Series II falls on July 28, 2025.
RBI has issued a Press Release stating that the redemption price for the final redemption due on July 28, 2025, shall be ₹9,924/- (Rupees Nine Thousand Nine Hundred Twenty-Four only) per unit of SGB based on the simple average of closing gold price for the week July 21- 25, 2025.
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