Premature redemption of gold bonds: How much you will get for these sovereign bonds
RBI stated that the redemption price of SGB shall be based on the simple average of the closing gold price of 999 purity of the week (Monday-Friday) preceding the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA).
The Reserve Bank of India (RBI) has announced the second due date for premature redemption of the sovereign gold bond (SGB) scheme in series II of 2017-18. The central bank has also announced the redemption price for the same. RBI allows premature redemption of the SGB series after the fifth year of the tenure of the bonds from the date of issuance.