RBI fixes Sovereign Gold Bond redemption rate at ₹8,624 per unit

“This price has been fixed based on the simple average of closing gold price for the week March 10-13, 2025,” the RBI saidThe Reserve Bank of India (RBI) said the redemption price for the final redemption of Sovereign Gold Bonds (SGBs) due on March 17, 2025 would be ₹8,624 per unit of SGB. “This price has been fixed based on the simple average of closing gold price for the week March 10-13, 2025,” the RBI said. 

“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 Limted (IBJA),” it stated.

Read More