RBI News: Sovereign Gold Bond 2017-18 Series-III to Mature on October 16; Redemption Price Set at ₹12,567 per Unit

RBI News: Sovereign Gold Bond 2017-18 Series-III to Mature on October 16; Redemption Price Set at ₹12,567 per Unit

NEW DELHI: Reserve Bank of India (RBI) has announced the final redemption price for the Sovereign Gold Bond (SGB) Scheme 2017-18 Series-III, which is due for redemption on October 16, 2025.

According to the Government of India’s notification dated October 6, 2017, these gold bonds, issued on October 16, 2017, have an eight-year maturity period. The bonds will therefore reach their final redemption on October 16, 2025.

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According to the RBI, the redemption price has been determined based on the simple average of the closing price of gold of 999 purity over the previous three business days before the redemption date — October 13, 14, and 15, 2025 — as published by the India Bullion and Jewellers Association Ltd. (IBJA).

The final redemption price for each unit of the Sovereign Gold Bond 2017-18 Series-III has been fixed at ₹12,567 (Rupees Twelve Thousand Five Hundred and Sixty-Seven only).

The announcement was made through an official press release issued on October 15, 2025, by Ajit Prasad, Deputy General Manager (Communications), Reserve Bank of India.

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This marks the completion of the eight-year tenure of the 2017-18 Series-III tranche under the Sovereign Gold Bond Scheme, offering investors returns linked to gold price movements along with annual interest earned over the holding period.