RBI announces premature redemption price for Sovereign Gold Bond 2019-20 Series VI

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Parshwa Turakhiya

29.10.2026

RBI announces premature redemption price for Sovereign Gold Bond 2019-20 Series VI — SGB redemption price announced

The price for Sovereign Gold Bond investors seeking to exit before the maturity date of October 30, 2026, is being set based on the closing price of gold with 999 purity. This process directly affects the returns of investors in Series 2019-20 Series VI and uses the average price over the final three working days of the previous week for valuation.

Highlights

RBI set the premature redemption price for Sovereign Gold Bond 2019-20 Series VI for October 30, 2026.
The redemption price will be based on the average closing price over the final three working days for gold with 999 purity, as published by IBJA.
This arrangement links Sovereign Gold Bonds to market-based pricing and enhances transparency and return calculations for investors.

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

Basis for redemption price calculation

According to an official release from the Reserve Bank of India, the premature redemption price for Series VI of the Sovereign Gold Bond Scheme 2019-20 has been set for October 30, 2026. The redemption price for this series will be based on the simple average of the closing prices of gold with 999 purity published by the India Bullion and Jewellers Association (IBJA) over the final three working days of the week preceding the redemption date.

This methodology is important for valuing Sovereign Gold Bonds because the closing price of gold with 999 purity forms the basis for the returns investors receive. The investment in the scheme is settled according to this benchmark price.

Significance for investors and the market

This announcement is important for investors seeking premature redemption of bonds in this series, as the final payout is linked to recent market prices for gold. It gives bondholders clarity on the formula used to calculate the price at redemption.

From a financial perspective, this arrangement links the Sovereign Gold Bond Scheme to market-based valuation and maintains transparency for those investing indirectly in gold. In India's gold investment market, such announcements provide an important reference point for investor expectations and return estimates.

Our previous report discussed Finance Minister Nirmala Sitharaman's statement that the government was willing to hear the views of investors and market participants on the framework for long-term capital gains (LTCG) tax and securities transaction tax (STT). The report also mentioned the RBI's steps to reduce rupee volatility, the market's positive response, and investment trends in sectors such as semiconductors and data centers.

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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