Document title: Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2018‑19 Series‑III due on November 13, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026‑2027/1486
Date: 12 November 2026
Capital Markets and Flows
The Reserve Bank of India (RBI) announced the final redemption of the Sovereign Gold Bond (SGB) 2018‑19 Series‑III, which was originally issued on 13 November 2018. The bonds mature eight years from the issue date, making the final redemption date 13 November 2026. The redemption price has been fixed at ₹14,024 per unit. This price is derived from the simple average of the closing prices of 999‑purity gold for the three business days preceding the redemption date – specifically 10 November, 11 November, and 12 November 2026 – as published by the India Bullion and Jewellers Association Ltd (IBJA).
Regulatory and Policy Measures
The price determination follows the Government of India notification F.No.4(22)-B(W&M)/2018 dated 8 October 2018, which outlines the methodology for calculating the redemption price of sovereign gold bonds. The RBI, acting under this notification, has issued the final redemption notice through Press Release 2026‑2027/1486, signed by Deputy General Manager Ajit Prasad of the Department of Communication. The notice confirms that the bonds will be repaid at the stated price on the maturity date, completing the eight‑year tenure of the SGB series.
The final redemption completes the lifecycle of the SGB 2018‑19 Series‑III, providing investors with the stipulated payout based on prevailing gold market prices as of the redemption date.