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PRESS RELEASE-PREMATURE REDEMPTION UNDER SOVEREIGN GOLD BOND (SGB) SCHEME - REDEMPTION PRICE FOR PREMATURE REDEMPTION DUE ON AUGUST 08, 2022 (SGB 2016 - I) (DATED-05.08.2022)

Updated on:5th Aug, 2022
Further, the redemption price of SGB shall be based on the simple average of 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 premature redemption due on August 08, 2022 shall be ₹5177/- (Rupees Five thousand One hundred Seventy-seven only) per unit of SGB based on the simple average of closing gold price for the week August 01-05, 2022, refer attachment for further details.
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