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In terms of GOI Notification F.No.4(16)-W&M/2016 dated February 23, 2017 (SGB 2016-17 Series IV – Issue date March 17, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be March 17, 2025. 2. Further, the redemption price of SGB shall be based on the simple average of closing price of gold of 999 purity of the week (Monday-Friday), preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for the final redemption due on March 17, 2025, shall be ₹8,624/- (Rupees Eight Thousand Six Hundred Twenty-Four only) per unit of SGB based on the simple average of closing gold price for the week March 10 -13, 2025. (March 14, 2025 being a holiday) Ajit Prasad Press Release: 2024-2025/2378 |
