MUMBAI, India, May 12 -- 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 VII - Issue date November 13, 2017) and GOI Notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series III - Issue date November 13, 2018) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranches shall be May 13, 2025.
2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous thr...