3 weeks ago
SGB 2018-19 Series VI redemption price fixed at ₹15,102
A Sovereign Gold Bond is a special saving bond from the Government of India that lets people invest in gold without buying real gold coins or jewellery.
In February 2019, people bought this bond when one gram of gold cost about ₹3,276.
Gold has gone up a lot in price since then.
Now, in August 2026, the Reserve Bank of India is letting these investors sell their bond back for ₹15,102 per gram.
That means their money has grown to about four and a half times what they paid, a return of around 361%.
The bond also pays a small interest of 2.5% every year, twice a year, so investors earn even more.
The bank decides the buy-back price using real gold prices from the three days just before the redemption date.
Unlike holding physical gold, there are no storage or making charges, which is one reason people like these bonds.
Investors who do not redeem now keep earning interest and stay tied to gold prices until the bond finishes its eight-year term.
The Reserve Bank of India (RBI) fixed the premature redemption price for Sovereign Gold Bond (SGB) 2018-19 Series VI at ₹15,102 per unit.
The redemption window opens on 12 August 2026 for the tranche issued on 12 February 2019.
Investors who bought at the discounted online issue price of ₹3,276 per gram gain ₹11,826 per unit, an appreciation of about 361.1%.
The redemption price is the simple average of 999-purity gold closing prices on 7, 10 and 11 August, based on IBJA rates.
SGBs also pay fixed interest of 2.5% per annum semi-annually, so total investor returns exceed the capital appreciation figure.
- Who
- The Reserve Bank of India (RBI) and investors holding Sovereign Gold Bond 2018-19 Series VI.
- What
- RBI fixed the premature redemption price of SGB 2018-19 Series VI at ₹15,102 per unit, a gain of about 361% over the issue price.
- Where
- India.
- When
- The redemption window opens on 12 August 2026; the tranche was issued on 12 February 2019.
- Why
- To let investors redeem early at a price linked to prevailing gold prices, capturing gains from gold price appreciation.
Key facts
- Redemption price
- ₹15,102 per unit
- Issue price
- ₹3,276 per gram (online), ₹3,326 per gram (regular)
- Gain per unit
- ₹11,826 (about 361.1% appreciation)
- Redemption window
- Opens 12 August 2026
- Issue date
- 12 February 2019
- Interest rate
- 2.5% per annum, paid semi-annually
- Price calculation
- Simple average of 999-purity gold closing prices on 7, 10 and 11 August (IBJA rates)
- Maturity
- 8 years; premature redemption allowed from the fifth year








