EXTRACTED TEXT
Source record
In terms of GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-II-Issue date October 23, 2018) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be October 23, 2026. 2. Further, the redemption price of SGB shall be based on simple average of closing price of gold of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for final redemption due on October 23, 2026, shall be ₹14,425/- (Rupees Fourteen Thousand Four Hundred and Twenty-Five only) per unit of SGB based on the simple average of closing price of gold for the three business days i.e., October 19, October 21, and October 22, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1369