India, Sept. 17 -- The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2019-20 Series IV, which becomes eligible for redemption on September 17, 2026, after completion of five years from the date of issue.
The redemption price has been fixed at Rs 15,173 per unit, based on the simple average of the closing price of 999-purity gold for the three preceding business days — September 16, September 15 and September 11, 2026 — as published by the India Bullion and Jewellers Association Ltd (IBJA).
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....