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PRESS RELEASE ON PREMATURE REDEMPTION UNDER SOVEREIGN GOLD BOND (SGB) SCHEME - REDEMPTION PRICE FOR PREMATURE REDEMPTION DUE ON AUGUST 05, 2022 (SERIES I OF SGB 2016 - 17) (DATED-29.07.2022)
Updated on:29th Jul, 2022
Further, the redemption price of SGB shall be based on the simple average 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). Accordingly, the redemption price for the third premature redemption due on August 05, 2022 shall be `5104/- (Rupees Five thousand one hundred four only) per unit of SGB based on the simple average of closing gold price for the week July 25-29, 2022, refer attachment for further details.
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