MUMBAI, India, Oct. 15 -- Reserve Bank of India issued the following press release:
In terms of GOI Notification F.No.4(25)-W&M/2017 dated October 06, 2017 (SGB 2017-18 Series-III - Issue date October 16, 2017) 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 16, 2025.
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 Oct...