As per the Government of India notification F. No. 4(7)-B(W&M)/2019 dated September 30, 2019, premature redemption of Sovereign Gold Bonds (SGB) 2019-20 Series VII (issued on December 10, 2019) is permitted after the completion of five years from the date of issue, on interest payment dates. Accordingly, the next eligible date for premature redemption is June 10, 2025.
The redemption price is determined based on the simple average of the closing price of gold of 999 purity, as published by the India Bullion and Jewellers Association Ltd (IBJA), for the three business days preceding the redemption date. For the upcoming redemption on June 10, 2025, the price has been fixed at ?9,706 (Rupees Nine Thousand Seven Hundred and Six only) per unit, based on the average closing prices on June 5, 6, and 9, 2025.