✎ SGB offers tax-free gold investment with premature redemption option after 5 years, priced at ₹15,102/unit on Aug 12, 2026.

Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance

The Reserve Bank of India (RBI) has announced the redemption price for the premature redemption of the Sovereign Gold Bond (SGB) 2018-19 Series VI, due on August 12, 2026. According to the RBI’s press release, premature redemption is permitted after the fifth year from the issue date, which for this series is February 12, 2019, making August 12, 2026, the eligible date. The redemption price is calculated as the simple average of the closing prices of 999 purity gold over the three business days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA). For this tranche, the redemption price has been fixed at ₹15,102 per unit of SGB, based on the average gold prices from August 7, 10, and 11, 2026.

This development holds significance for aspirants preparing for competitive exams like Bank PO, IBPS, SBI, RBI Grade B, and SSC, as it reflects the government’s approach to managing gold-based financial instruments and their integration with broader economic policies. Understanding the SGB scheme, including its redemption mechanisms, is crucial for candidates, as such topics often feature in the polity and governance sections of these exams. The RBI’s role in determining redemption prices also underscores the importance of regulatory frameworks in financial markets, a key area of focus for exam aspirants.

Source: RBI

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