Capital markets and flows
The Reserve Bank of India (RBI) has announced that premature redemption of the Sovereign Gold Bond (SGB) 2019‑20 Series I will be permissible on June 11 2026. This date marks the first opportunity for investors to redeem the bond after the mandatory five‑year lock‑in period, as stipulated in Government of India notification F.No.4(7)-B(W&M)/2019 dated May 30 2019.
Regulatory and policy measures
The redemption price for each SGB unit has been fixed at ₹15,038. 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—June 8, June 9, and June 10 2026—as published by the India Bullion and Jewellers Association Ltd (IBJA). The RBI’s press release (No. 2026‑2027/432) dated June 10 2026, signed by Deputy General Manager Ajit Prasad of the Communications Department, communicates these details and reaffirms the procedural framework for premature redemption under the SGB scheme.
The announcement provides investors with a clear, formula‑based redemption price and confirms compliance with the existing statutory provisions governing sovereign gold bonds.