RBI announces final redemption price for SGB 2018-19 Series-I

The Reserve Bank of India (RBI) has announced the final redemption price for the Sovereign Gold Bond (SGB) 2018-19 Series-I, which is set to mature on May 4, 2026. As per the Government of India notification dated April 13, 2018, these bonds have an eight-year maturity period from their issue date of May 4, 2018.

The redemption price has been calculated based on the simple average of the closing price of gold of 999 purity for the three business days preceding the redemption date. These prices, published by the India Bullion and Jewellers Association Ltd (IBJA), are for April 28, April 29, and April 30, 2026. Accordingly, the final redemption price has been set at ₹14,901 per unit of SGB.

SGBs are part of the government’s initiative to provide an alternative to physical gold investments, offering fixed interest and capital appreciation based on gold prices. Investors who purchased these bonds in 2018 will now receive the calculated redemption value directly.

This announcement highlights the structured and transparent mechanism of the SGB scheme, which ties redemption values to market prices of gold. It ensures fair returns for investors while promoting financial instruments over physical gold.

The RBI continues to oversee the implementation of the SGB scheme, which has gained popularity as a secure and efficient investment option for gold enthusiasts in India.

Source: Reserve Bank of India press release, Thu, 30 Apr 2026 18:55:00. http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62666