The bond was issued on May 19, 2020 at ₹4,540 per gram for offline subscribers, while online investors received a ₹50 discount per gram. The rise to this redemption value reflects the sustained appreciation in domestic gold prices over the past five years.
As per scheme rules, premature redemption is allowed only after the fifth year from the issue date and only on interest payment dates.
The RBI said the redemption price has been computed using the simple average of closing prices of 999-purity gold, based on the India Bullion and Jewellers Association (IBJA) rates for November 14, 17, and 18, 2025.
Investors who did not submit requests for premature redemption of this gold bond will need to wait until the next available exit date or sell the bonds on stock exchanges, where prices and liquidity vary.
The Sovereign Gold Bond Scheme allows retail investors to earn returns linked to gold prices along with fixed interest income, and the maturity proceeds are exempt from capital gains tax if held till the end.
According to Minister of State for Finance Pankaj Chaudhary, the government had mobilised around 146.96 tonnes of gold worth ₹72,275 crore through 67 tranches as of March 31, 2025. Up to June 15, 2025, investors had redeemed 18.81 tonnes worth of gold-equivalent bonds.
