Reserve Bank of India has fixed the premature redemption price at Rs 7,819 per unit for Sovereign Gold Bond 2021-22 Series VII investors opting out on November 2, 2026.
Redemption Valuation Metrics
The valuation relies on specific pricing mechanics derived directly from market averages. Investors should note the following parameters governing this redemption payout:
- Redemption Date: November 2, 2026
- Payout Value: Rs 7,819 per unit
- Pricing Benchmark: Simple average of closing gold price of 999 purity for the three business days preceding the redemption date
- Publishing Authority: India Bullion and Jewellers Association Ltd
This price is determined by calculating the simple average of the closing gold price of 999 purity for the three business days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd.
Calculation Methodology
The Reserve Bank of India calculates the final redemption amount by taking the simple average of the closing gold price published by India Bullion and Jewellers Association Ltd. This calculation strictly incorporates the three business days immediately preceding the designated redemption date of November 2, 2026.