The Reserve Bank of India has set Rs 14,725 per unit as the premature redemption price for SGB 2019-20 Series V, due on 15 October 2026. Our IBJA 24K benchmark is Rs 1,40,054 per 10 g (PM rate of 30 Oct 2026), which is a different figure. The redemption price is the simple average of IBJA 999 closing prices for 12, 13 and 14 October 2026, as the RBI press release dated 14 October 2026 states.
What the RBI notice sets
The notice applies the scheme terms to one tranche. Under the Government of India notification F.No. 4(7)-B(W&M)/2019 dated 30 September 2019, premature redemption of a Sovereign Gold Bond may be permitted after the fifth year from the date of issue, on a date when interest is payable. Series V was issued on 15 October 2019, so the next premature redemption date is 15 October 2026.
| Item | As stated in the RBI notice | Date or basis |
|---|---|---|
| Tranche | SGB 2019-20 Series V | Issue date 15 October 2019 |
| Governing notification | GOI F.No. 4(7)-B(W&M)/2019 | Dated 30 September 2019 |
| Premature redemption date | Permitted after the fifth year, on an interest payment date | 15 October 2026 |
| Redemption price | Rs 14,725 per unit | Notice dated 14 October 2026 |
| Price basis | Simple average of the IBJA 999 closing price for the previous three business days | 12, 13 and 14 October 2026 |
Source: RBI press release on premature redemption of SGB 2019-20 Series V, 14 October 2026 (checked 15 October 2026).
How the Rs 14,725 figure is calculated
The notice gives the price, not the working. We recomputed it from the IBJA PM 999 rows in our own records for the three named days. The notice says only "closing price of gold of 999 purity" as published by IBJA, so we used the PM session rows as the closing benchmark. Our recomputation lands on the notice's figure, but the RBI press release stays the official figure.
Latest Rs 1,40,054 (30 Oct 2026)High Rs 1,49,430 (9 Oct 2026)Low Rs 1,40,054 (30 Oct 2026)
Try it: Gold Rate Calculator lets you enter grams and karat and shows the value at the IBJA benchmark, ex GST and making.
Recomputation of the three-day average from our stored IBJA PM 999 records for 12 to 14 October 2026. Source: TrackLivePrice stored IBJA records; RBI press release of 14 October 2026.
| Step | Working | Value |
|---|---|---|
| IBJA PM 999, 12 Oct 2026 (our record) | Rs per 10 g | Rs 1,48,061.00 |
| IBJA PM 999, 13 Oct 2026 (our record) | Rs per 10 g | Rs 1,47,617.00 |
| IBJA PM 999, 14 Oct 2026 (our record) | Rs per 10 g | Rs 1,46,064.00 |
| Simple average, per 10 g | (148,061 + 147,617 + 146,064) / 3 | Rs 1,47,247.33 |
| Per gram | 1,47,247.33 / 10 | Rs 14,724.73 |
| Notice price, rounded | RBI press release of 14 October 2026 | Rs 14,725 per unit |
Example figures, not today's rates.
The table uses our stored IBJA PM 999 rows for 12, 13 and 14 October 2026. Each figure is a snapshot of that day's benchmark, not a live reading. The per gram line divides the average by ten, because IBJA publishes gold per 10 g.
Who the notice affects
The notice concerns investors who own the SGB 2019-20 Series V tranche and who are eligible for premature redemption on 15 October 2026. It names no other tranche. Investors with a different series or issue date should check their own tranche's terms before using this price.
An investor with 10 units, for example, would multiply 10 by Rs 14,725 to get Rs 1,47,250 before any tax or charges. That is a worked example with round numbers, not a statement of any holding.
What to do with this notice
- Check the series and issue date on your SGB record. This notice covers the 2019-20 Series V tranche issued on 15 October 2019.
- Confirm that 15 October 2026 is the premature redemption date for your tranche, using the terms that apply to it.
- Multiply your units by Rs 14,725 to get the amount the notice sets, before any tax or charges, which the notice does not cover.
- Follow the redemption request process your bank or depository participant gives you. The notice does not set out that process.
- Keep the RBI press release of 14 October 2026 with your records, since it is the source for the price.
What has not changed
The notice does not change the scheme terms. It applies the existing redemption rule to one tranche, the IBJA 999 closing average of the three business days before redemption. For the live market level, see the gold rate today page. That benchmark is not the redemption price, which uses the three named days. For making charges and GST on a jewellery bill, the gold calculator works from the same IBJA benchmark.
IBJA AM and PM 24K benchmark per 10 g, last 10 sessions, from our stored records. As of PM rate of 30 Oct 2026. Source: IBJA.
| Date | 24K gold, Rs per 10 g | Change |
|---|---|---|
| 30 Oct 2026 | Rs 1,40,054 | -1.55% |
| 29 Oct 2026 | Rs 1,42,255 | -0.32% |
| 28 Oct 2026 | Rs 1,42,707 | +0.90% |
| 27 Oct 2026 | Rs 1,41,431 | -0.20% |
| 26 Oct 2026 | Rs 1,41,710 | +0.06% |
| 23 Oct 2026 | Rs 1,41,630 | -0.75% |
| 22 Oct 2026 | Rs 1,42,694 | -0.98% |
| 21 Oct 2026 | Rs 1,44,105 | -1.26% |
| 19 Oct 2026 | Rs 1,45,944 | -0.33% |
| 16 Oct 2026 | Rs 1,46,426 | +0.33% |
Newest first | Source: IBJA, stored by us since 4 Jun 2026.
Common mistakes
- Using the live rate on the gold rate today page in place of the three-day average named in the notice.
- Applying the Series V price to another tranche. Each tranche has its own issue date and notice.
- Treating the redemption price as a market price. It is the notice's figure for one date.
