India, Oct. 29 -- The Reserve Bank of India (RBI) has announced a premature redemption price of Rs. 14,213 per unit for Sovereign Gold Bond (SGB) 2019-20 Series VI, which is due for redemption on October 30, 2026.
As per the Government of India notification F.No. 4(7)-B(W&M)/2019 dated September 30, 2019, premature redemption of Sovereign Gold Bonds is permitted after the completion of five years from the date of issue, on the interest payment dates. The issue date of SGB 2019-20 Series VI was October 30, 2019, making October 30, 2026, the next eligible premature redemption date.
The redemption price has been determined based on the simple average of the closing prices of 999-purity gold for the three preceding business days, as published...