RBI Announces ₹16,063 Redemption Price for Sovereign Gold Bonds Due in March 2026
Mumbai, March 6, 2026: The Reserve Bank of India (RBI) has announced the premature redemption price of ₹16,063 per unit for two tranches of the Sovereign Gold Bond Scheme due for redemption in March 2026.
According to the RBI press release, the redemption applies to the following bond series issued by the Government of India:
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SGB 2020–21 Series VI – issued on September 8, 2020, with premature redemption due March 7, 2026 (March 8 being a holiday).
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SGB 2020–21 Series XII – issued on March 9, 2021, with premature redemption due March 9, 2026.
How the Redemption Price Is Calculated
As per the scheme rules, investors can opt for premature redemption after completing five years from the issue date, on the interest payment date.
The redemption price is determined based on the simple average of the closing price of gold of 999 purity for the previous three business days, as published by the India Bullion and Jewellers Association (IBJA).
For these two tranches, the price was calculated using gold prices from:
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March 4, 2026
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March 5, 2026
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March 6, 2026
Based on this average, the RBI fixed the premature redemption price at ₹16,063 per SGB unit.
Sovereign Gold Bond Scheme Overview
The Sovereign Gold Bond Scheme allows investors to invest in gold without physically holding it, while also earning fixed annual interest on the invested amount.
The bonds are issued by the Government of India and managed by the RBI, making them a popular alternative to buying physical gold.
The announcement was made in an official press release issued by Deputy General Manager Ajit Prasad from the RBI’s Department of Communication.