RBI: SGB 2018-19 Series-II final redemption on October 23, price fixed at ₹14,425 per unit
RBI has said the final redemption date for Sovereign Gold Bonds of 2018-19 Series-II is October 23, 2026. The redemption price for that date is fixed at ₹14,425 per unit of SGB.
What this means for you
This matters to people who bought Sovereign Gold Bonds of 2018-19 Series-II. Their eight-year term ends on October 23, 2026, when the final redemption takes place. People who did not buy these bonds are not directly affected.
Key facts
- Final redemption date: October 23, 2026
- Redemption price: ₹14,425 per unit of SGB
- Price based on three business days: October 19, 21 and 22, 2026
- Bond term: eight years from the date of issue
- Bonds were issued on October 23, 2018
The Reserve Bank of India (RBI) issued a press release on October 22, 2026, about the final redemption of Sovereign Gold Bonds (SGB) of 2018-19 Series-II. It said the final redemption date for this tranche is October 23, 2026. Under the government notification on the SGB Scheme, the bond is repayable on the expiry of eight years from the date of issue.
According to RBI, this tranche was issued on October 23, 2018, so the eight-year period ends on October 23, 2026, which is also the final redemption date.
On the price, RBI said the redemption price of SGB is based on the simple average of the closing price of gold of 999 purity, as published by the India Bullion and Jewellers Association Ltd (IBJA). The average is taken for the previous three business days from the date of redemption.
Following this rule, the redemption price for the final redemption due on October 23, 2026, is ₹14,425 per unit of SGB. This is based on the simple average of the closing price of gold for three business days: October 19, October 21 and October 22, 2026.
Questions and answers
How is the redemption price decided?
According to RBI, the SGB redemption price is based on the closing price of gold of 999 purity as published by IBJA. It is the simple average of the closing price of the previous three business days from the date of redemption.
Which days were used to work out this price?
RBI said the price is based on the simple average of the closing price of gold for three business days, namely October 19, October 21 and October 22, 2026.
Which series of bonds does this redemption apply to?
It applies to SGB 2018-19 Series-II, which was issued on October 23, 2018.
Source: RBI, "Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2018-19 Series-II due on October 23, 2026", 22 October 2026. Read the original notice
Checked against the official notice: 24 October 2026. This story was drafted with AI from an official notice and checked by an editor before publishing. Report an error