If you invested in the Sovereign Gold Bond (SGB) 2018–19 Series-I, this is big news.
After more than seven years, the Reserve Bank of India (RBI) has officially announced its premature redemption price — and the returns are nothing short of impressive.
The redemption price for SGB 2018–19 Series-I has been fixed at ₹12,039 per unit, turning an initial investment of ₹3,064 into more than four times the value. For long-term investors who trusted gold over time, this feels like a well-deserved reward.
RBI Announces SGB 2018–19 Series-I Redemption Details
According to the latest RBI circular, the SGB 2018–19 Series-I, issued on 4 May 2018, will be eligible for premature redemption on 4 November 2025. This redemption window follows the five-year lock-in rule under the Government of India’s Gold Bond Scheme.
This means investors who purchased this series can redeem their bonds before the full maturity period, provided they meet the eligibility criteria set by the government. The redemption price has been determined in accordance with the official guidelines.
How the Redemption Price Is Calculated
RBI determines the redemption value of every Sovereign Gold Bond based on the simple average of the closing price of gold (of 999 purity) for the last three working days before the redemption date.
This data is officially published by the India Bullion and Jewellers Association (IBJA).
For the 2018–19 Series-I, the redemption price of ₹12,039 per gram is based on gold prices recorded on 30 October, 31 October, and 3 November 2025.
So, the final payout reflects the real market value of gold — not an arbitrary number. That’s what makes the SGB scheme such a trusted investment option for those who prefer long-term security over market volatility.
What Makes This Redemption Special
The SGB 2018–19 Series-I was issued at ₹3,064 per gram, with an online discount of ₹50 per gram. Today, the redemption price has reached ₹12,039 per gram — which translates to an absolute return of about 293% (excluding the annual interest).
In simpler terms, if you bought one unit in 2018, you’re earning a gain of ₹8,975 per unit in 2025.
That’s before adding the 2.5% annual interest paid semi-annually by the government. When you factor that in, the overall return is even higher.
For many Indian investors who see gold as more than just an asset — a symbol of security and tradition — this return is proof that patience really pays off.
Who Can Redeem and When
Investors who hold the SGB 2018–19 Series-I can apply for premature redemption on 4 November 2025, which is also the scheduled interest payment date.
To proceed with redemption, you must apply through your bank, post office, or depository participant (DP) where the bond was originally purchased. Requests need to be submitted within the time window announced by the RBI before the redemption date.
The process is straightforward, but it’s important to check your bond certificate or online account to confirm which series you hold — since different tranches have different maturity timelines.
Why SGBs Remain a Smart Investment
Gold has always been a part of India’s financial culture, but the Sovereign Gold Bond Scheme made it more accessible, transparent, and profitable. Unlike physical gold, SGBs don’t carry risks of theft, purity concerns, or storage costs.
They also pay annual interest, and the capital gains at redemption are tax-free if held till maturity. Plus, investors can even pledge SGBs as collateral for loans, giving them more flexibility.
The 2018–19 Series-I return is a reminder that government-backed gold bonds continue to outperform expectations, offering both safety and stability in uncertain times.
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