Document title: Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2021-22 Series VII due on November 02, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1419
Date: October 30, 2026
Regulatory and Policy Measures
The RBI, through its Department of Communication, announced that premature redemption of the Sovereign Gold Bond (SGB) 2021‑22 Series VII is scheduled for November 02, 2026, which marks the fifth anniversary of the bond’s issue date of November 02, 2021. This redemption is permissible under Government of India notification F.No. 4(5)-B(W&M)/2021 dated October 21, 2021, which allows premature redemption after the fifth year on the date interest is payable.
The redemption price has been fixed at ₹14,167 per unit. The 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 October 28, October 29, and October 30, 2026, as published by the India Bullion and Jewellers Association Ltd (IBJA).
The press release is signed by Deputy General Manager Ajit Prasad of the Communications division of RBI.
In conclusion, the RBI’s announcement provides bondholders with a clear redemption price based on recent gold market data, aligning with the statutory framework for premature redemption of sovereign gold bonds.