First SGB final redemption price of 2026 announced: Investors earn over ₹10,500 per unit

The Reserve Bank of India (RBI) has announced the first Sovereign Gold Bond (SGB) final redemption price of the New Year 2026.

The central bank has declared the final redemption price of SGB 2017-18 Series XIV maturing on January 1, 2026. Investors of this tranche of SGB will get ₹13,486 per unit, which is over ₹10,500 more than the issue price.

The issue date for SGB 2017-18 Series XIV was January 1, 2017, and it completed eight years on December 31, 2025. Further, these bonds were open for subscription on December 26 and December 27 in 2017, at a price of ₹2831 for online application and ₹2881 for others.

"In terms of GOI notification F.No.4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series-XIV-Issue date January 01, 2018) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be January 01, 2026," RBI said in a press release dated December 31, 2025.

"Further, the redemption price of SGB shall be based on simple average of closing price of gold of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for final redemption due on January 01, 2026, shall be ₹13,486/- (Rupees Thirteen Thousand Four Hundred and Eighty-Six only) per unit of SGB based on the simple average of closing price of gold for the three business days i.e., December 29, 2025, December 30, 2025, and December 31, 2025," the central bank added.

As per the Government of India's notification dated October 6, 2017, the sovereign gold bonds are repayable on the expiration of eight years from the date of issue. Further, premature redemption of SGBs is also allowed after the fifth year from the date of issue.

On maturity, the SGBs can be redeemed in INR while the redemption price is based on simple average of closing price of gold of 999 purity of previous three business days from the date of repayment, published by the India Bullion and Jewelers Association Limited (IBJA).

The RBI informs the investor one month in advance, about the date of maturity of the SGB.

Premature redemption

Meanwhile, the RBI has also announced the premature redemption price for SGB 2018-19 Series-IV-Issue date January 01, 2019.

Premature redemption under the SGB scheme is allowed after fifth year from the date of issue. Accordingly, the due date of premature redemption of the above tranche is January 01, 2026.

"Further, the redemption price of SGB shall be based on simple average of closing price of gold of 999 purity of previous three working days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on January 01, 2026, shall be ₹13,486/- (Rupees Thirteen Thousand Four Hundred and Eighty-Six only) per unit of SGB based on the simple average of closing price of gold for the three business days i.e., December 29, December 30, and December 31, 2025," RBI said