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RBI Allows Premature Redemption Of Sovereign Gold Bonds Due On June 26

The price for redeeming these bonds on June 26 shall be Rs 7,203 per unit of sovereign gold bond.

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(Source: Unsplash)

Premature redemption of sovereign gold bonds will be allowed after the fifth year from the date of their issue, on the dates when interest is due.

The due date for premature redemption is June 26, 2024, according to a statement by Reserve Bank of India.

The price for redeeming these bonds on June 26 shall be Rs 7,203 per unit of sovereign gold bond. This is based on the simple average of closing gold price for the three business days.

Also Read: Gold Prices Rise To Rs 72,550 In Spot Market

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