RBI has set the premature redemption price of Sovereign Gold Bond 2020-21 Series IV at ₹14,307 for July 14.

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RBI has set the premature redemption price of Sovereign Gold Bond 2020-21 Series IV at ₹14,307 for July 14. — Gold bond redemption price fixed

The next scheduled date for premature redemption for investors of Sovereign Gold Bond 2020-21 Series IV is July 14, 2026. The redemption price for this tranche has been fixed at ₹14,307 per unit, based on the average closing price of 999 purity gold over the previous three business days.

Highlights

RBI has fixed the redemption price for premature exit of SGB 2020-21 Series IV at ₹14,307 per unit on July 14, 2026.
The redemption price is based on the simple average of the closing prices of 999 purity gold published by IBJA for July 9, 10, and 13, 2026.
This decision provides clarity for investors seeking early exit after the mandatory five-year holding period regarding their cash flow and investment strategy.

This article was translated from the original. Read the original version by our correspondent here.

Premature Redemption Terms and Pricing

As stated in the press release issued by the Reserve Bank of India, under the Government of India's notification dated April 13, 2020, the Sovereign Gold Bond scheme allows premature redemption on the interest payment date after the fifth year from the date of issue. Accordingly, for SGB 2020-21 Series IV, which was issued on July 14, 2020, the next premature redemption date is set for July 14, 2026.

The central bank stated that the redemption price is based on the simple average of the closing price of 999 purity gold published by the India Bullion and Jewellers Association Ltd, IBJA. For the premature redemption due on July 14, 2026, this price has been calculated as ₹14,307 per unit, based on the average closing prices on July 9, 10, and 13, 2026.

Significance for Investors and the Market

This announcement is significant for investors who are considering redeeming their bonds before maturity after completing the mandatory five-year holding period. The fixed redemption price gives investors a clear indication of the per-unit payout if they exit this tranche.

The redemption price in the Sovereign Gold Bond scheme is directly linked to domestic gold prices, making the rates published by IBJA central to this process. The announced price for 2020-21 Series IV will be useful for investors in assessing their cash flow and gold-based investment strategies.

Our previous report focused on the RBI's release of daily data on merchant and inter-bank transactions in the forex market during June 1-5, 2026. It highlighted trends in the volume of FCY/INR spot, forward, and swap deals, and indicated that inter-bank swap/spot activity remains a key part of banks' liquidity management and hedging.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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