RBI Sets ₹14,213 Redemption Price for Sovereign Gold Bond Series VI
The Reserve Bank of India announced a premature redemption value of ₹14,213 per unit for its 2019–20 Series VI gold bonds, effective today, 30 October 2026.
Premature Redemption Price Confirmed
The Reserve Bank of India (RBI) has fixed the premature redemption price for its Sovereign Gold Bond (SGB) 2019–20 Series VI at ₹14,213 per unit. This redemption is scheduled for today, 30 October 2026. The central bank's announcement provides a clear exit value for investors opting to redeem their gold bonds ahead of maturity.
Calculation Based on Gold Market Rates
The redemption price reflects the simple average of closing prices for 999 purity gold over the three business days immediately preceding the redemption date. These days were 27, 28, and 29 October 2026. The India Bullion and Jewellers Association Ltd (IBJA) published the gold prices used in this calculation, ensuring transparency in the valuation process for bondholders.
SGB Scheme Details
The SGB 2019–20 Series VI bonds were originally issued on 30 October 2019. Under the Sovereign Gold Bond Scheme, premature redemption is permitted after five years from the issue date. This option is available on dates when interest payments are due. The current redemption aligns with this five-year window, offering investors an opportunity to liquidate their holdings.
Investors holding the SGB 2019–20 Series VI bonds will receive ₹14,213 per unit today, 30 October 2026, if they chose premature redemption. This provides a clear, market-linked cash-out option for those seeking liquidity.
The mechanism ensures that the value received by bondholders directly corresponds to recent gold market performance, mitigating price volatility concerns for those exiting their positions.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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