Economy
Sovereign Gold Bond 2018-19 Series II Redeems at ₹14,425
The 2018-19 Series II Sovereign Gold Bond will reach final redemption on October 23, 2026, at ₹14,425 per unit.
What happened
The Sovereign Gold Bond 2018-19 Series II, issued on October 23, 2018, will be repaid after its eight-year term. The final redemption date is October 23, 2026, with the redemption price fixed at ₹14,425 per unit, based on the average gold closing price across the previous three business days.
Why it matters
Investors holding this tranche will receive ₹14,425 for each SGB unit at final redemption, based on the prescribed gold-price calculation.
Source: RBI