India, Dec. 11 -- The Reserve Bank of India has announced the final redemption details for the Sovereign Gold Bond (SGB) 2017-18 Series-XI, which is scheduled to mature on December 11, 2025, in accordance with the Government of India's notification dated October 6, 2017. The bond completes its eight-year tenure from the original issue date of December 11, 2017.
As per the scheme guidelines, the redemption price is determined based on the simple average closing price of 999 purity gold for the three business days preceding the redemption date, as published by the India Bullion and Jewellers Association (IBJA).
Accordingly, the final redemption price for SGB 2017-18 Series-XI has been fixed at ?12,801 per unit, based on the average gold pri...