RBI Set Final Redemption Price For Sovereign Gold Bond 2017-18 Series II

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Posted by AI on 2025-07-28 12:35:34 | Last Updated by AI on 2026-09-27 02:31:08

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Gold prices have been on a downward spiral lately hitting the wallets of gold investors hard but taxpayers who invested in the Sovereign Gold Bond (SGB) 2017-18 Series II, will be relieved to know that the Reserve Bank of India has set the final redemption price at Rs 9,924 per gram, a slight increase from the previous price at which investors booked the bond.

The RBI's decision was based on the simple average of the closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the last three working days of the week preceding the due date for subscription withdrawal, which in this case was August 16, 17, and 18, 2022.

The SGB 2017-18 Series II was originally issued in July 2017 with an issue price of Rs. 3,761 per gram, through various banks, certain post offices, and the Stock Holding Corporation of India Limited (SHCIL).

Investors who chose to exit at the earliest maturity date of August 18, 2022, will potentially make a decent profit due to the RBI's final redemption price which is closer to the market price than the issue price.

The RBI's decision to allow investors to exit at the earliest maturity date is good news for gold investors who were hoping to cash in on the gold prices while they are low and optimize their profits.

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