SGB 2018-19 Series-II final redemption price set at ₹14,425 per unit

The final redemption price of Sovereign Gold Bond 2018-19 Series-II, due on October 23, 2026, has been set at ₹14,425 per unit. The figure was announced in a press release issued by Ajit Prasad, Deputy General Manager (Communications).

In terms of GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018, the Gold Bond is repayable on the expiration of eight years from the date of issue. The tranche was issued on October 23, 2018, and accordingly its final redemption date is October 23, 2026.

The redemption price of SGB is based on the simple average of the closing price of gold of 999 purity of the previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). For this tranche, the average was taken from closing prices on October 19, October 21 and October 22, 2026.

On that basis, the redemption price for final redemption due on October 23, 2026, is ₹14,425 (Rupees Fourteen Thousand Four Hundred and Twenty-Five only) per unit of SGB. Holders of the tranche will receive that amount for each unit on the maturity date.