This translates into decent gains.
The SGB 2017-18 Series XIV, issued at ₹2,831 per gram in January 2018, has yielded a return of nearly 240%, excluding the annual 2.5% interest.
For the 2018-19 Series IV, issued at ₹3,119 in January 2019, the price gain is over 208%.
The premature redemption is permitted after five years from the issue date and is allowed only on interest payout dates. As per RBI rules, the redemption value is linked to the simple average of closing gold prices (999 purity) published by the India Bullion and Jewellers Association (IBJA) for the last three business days — June 26, 27, and 30, 2025 — which averaged to ₹9,628.
Investors who failed to submit the redemption request by the due date will now have to wait until the next half-yearly interest payout date. This typically occurs every six months from the issue date — meaning the next available window will be January 1, 2026.
Premature redemption must be routed through the original mode of purchase, such as demat account, bank, or post office, and requires submission of the request at least 10 days in advance of the interest date.
It must be noted that the government in Union Budget 2025 discontinued fresh issuances of the Sovereign Gold Bond scheme.
However, existing bonds remain active and will be redeemed on schedule or on eligible early redemption dates.
First Published: Jul 1, 2025 9:38 AM IST
