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Investors in the Sovereign Gold Bond (SGB) 2017-18 Series XIV can redeem their bonds on Thursday, January 1, 2026, as the tranche reaches its final maturity after completing the eight-year tenure.
The Reserve Bank of India has fixed the redemption price at ₹13,486 per unit, based on the simple average of the closing price of gold of 999 purity for the three business days preceding the redemption—December 29, 30 and 31, 2025—as published by the India Bullion and Jewellers Association (IBJA).
The bonds were issued on January 1, 2018, at a nominal issue price of ₹2,881 per gram. Investors applying online received an additional discount of ₹50 per gram, bringing the effective price down to ₹2,831 per gram.
The redemption value represents a capital appreciation of approximately 376% over the issue price, in addition to the fixed 2.5% annual interest paid semi-annually during the holding period.
Sovereign Gold Bonds are government-backed securities denominated in grams of gold. They allow investors to participate in gold price movements while earning periodic interest and eliminating the need for physical storage.
For individual investors, capital gains on redemption are exempt from tax under the scheme.
The final redemption marks the conclusion of this tranche’s tenure, and investors may now realise both capital appreciation and interest accrued over the eight-year period.
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.
The Reserve Bank of India has fixed the redemption price at ₹13,486 per unit, based on the simple average of the closing price of gold of 999 purity for the three business days preceding the redemption—December 29, 30 and 31, 2025—as published by the India Bullion and Jewellers Association (IBJA).
The bonds were issued on January 1, 2018, at a nominal issue price of ₹2,881 per gram. Investors applying online received an additional discount of ₹50 per gram, bringing the effective price down to ₹2,831 per gram.
The redemption value represents a capital appreciation of approximately 376% over the issue price, in addition to the fixed 2.5% annual interest paid semi-annually during the holding period.
Sovereign Gold Bonds are government-backed securities denominated in grams of gold. They allow investors to participate in gold price movements while earning periodic interest and eliminating the need for physical storage.
For individual investors, capital gains on redemption are exempt from tax under the scheme.
The final redemption marks the conclusion of this tranche’s tenure, and investors may now realise both capital appreciation and interest accrued over the eight-year period.
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.
