Gold bond final redemption set at ₹14,024 per unit
Holders of Sovereign Gold Bond 2018-19 Series-III will receive ₹14,024 per unit at final redemption on November 13, 2026, the Reserve Bank of India (RBI) said. The price uses gold closing prices from November 10-12, 2026.
Eight years to repayment
The RBI set the final redemption price for Sovereign Gold Bond (SGB) 2018-19 Series-III at ₹14,024 per unit.
The tranche reaches final redemption on November 13, 2026, eight years after its issue on November 13, 2018.
Government of India notification F.No.4(22)-B(W&M)/2018, dated October 8, 2018, provides for repayment when eight years have elapsed from the issue date.
The announced amount therefore applies to the scheduled final redemption of this specific tranche.
Ajit Prasad, Deputy General Manager (Communications), signed press release 2026-2027/1486, which sets out the maturity date and the gold-price basis for the repayment amount.
Three closing prices determine value
The redemption formula uses the simple average of closing prices for gold of 999 purity over the three business days preceding redemption.
The reference prices are those published by the India Bullion and Jewellers Association Ltd (IBJA).
For this tranche, the relevant observations are November 10, November 11 and November 12, 2026.
Their simple average establishes the final redemption price of ₹14,024 for each unit of SGB 2018-19 Series-III.
Maturity fixes the payment
The notice fixes the per-unit repayment for this maturing tranche.
Its pricing basis is a three-business-day average, rather than the gold price on the redemption date itself.
The stated amount applies specifically to SGB 2018-19 Series-III.