The Reserve Bank of India (RBI) has fixed the premature redemption price for Sovereign Gold Bond (SGB) 2018-19 Series-II at Rs 15,219 per unit, for investors opting for early redemption on April 23, 2026.
The central bank said the tranche, originally issued on October 23, 2018, becomes eligible for premature redemption after completion of five years from the date of issue, in line with the Sovereign Gold Bond Scheme rules.
Under the scheme, investors are allowed to redeem bonds early on interest payment dates after the fifth year. Accordingly, the next due date for premature redemption of SGB 2018-19 Series-II falls on April 23, 2026.
The RBI stated that the redemption price has been calculated using the simple average of the closing price of gold of 999 purity for the previous three business days — April 20, April 21 and April 22, 2026 — as published by the India Bullion and Jewellers Association Ltd (IBJA).
Sovereign Gold Bonds are government-backed securities denominated in grams of gold and are considered an alternative to holding physical gold. Investors also receive periodic interest in addition to capital appreciation linked to gold prices.
The announced redemption price reflects the continued strength in bullion prices and may draw investor attention amid rising demand for gold-backed financial products.
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