Now Reading: SGB 2018-19 Series-III final redemption price set at ₹14,024
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SGB 2018-19 Series-III final redemption price set at ₹14,024
The Story in Brief
RBI announced the final redemption price of ₹14,024 per unit for the Sovereign Gold Bond 2018-19 Series-III, which matures on 13 November 2026. The tranche had an eight-year term from its issue date of 13 November 2018. The price is based on the simple average of closing gold prices (999 purity) from 10, 11 and 12 November, as published by the India Bullion and Jewellers Association Ltd.
Bondholders who still hold the bond will receive the payout on the redemption date. The scheme was first notified by the government on 8 October 2018. No further SGB issuances were announced alongside this redemption notice.
Indian Opinion Analysis
The ₹14,024 per unit redemption price is the final payout for bondholders who chose to hold the 2018-19 Series-III for the full eight-year term. Anyone who bought at issuance and did not exit early now gets the cash value based on the simple average of gold prices from 10, 11 and 12 November 2026. The next step for RBI is the actual pay-out on 13 November, after which this tranche is closed. The government does not name whether there will be fresh SGB issuances in the remainder of FY2026-27, so the programme’s continuity remains open.
Source: rbi.org.in
This brief was synthesised by AI from the source linked above. Methodology and corrections.
