India, March 17 -- The Government of India has fixed the premature redemption price for Sovereign Gold Bond (SGB) 2019-20 Series IV at Rs 15,814 per unit, due on March 17, 2026.
As per the scheme guidelines, premature redemption is allowed after the fifth year from the date of issue, on interest payment dates. Accordingly, March 17, 2026, has been designated as the next eligible redemption date for this tranche, which was originally issued on September 17, 2019.
The redemption price has been calculated based on the simple average of the closing price of 999 purity gold for the three preceding business days — March 12, March 13, and March 16, 2026 — as published by the India Bullion and Jewellers Association Ltd (IBJA).
Publis...