SGB 2018-19 Series III redemption price: Rs 14,024
The Reserve Bank of India (RBI) has fixed Rs 14,024 per unit as the price for the final redemption of Sovereign Gold Bond (SGB) 2018-19 Series III, due on Friday, 13 November 2026.
Published 13 November 2026 · Potoos Research Services
The short answer. The final redemption price for SGB 2018-19 Series III is Rs 14,024 per unit, and the redemption date is Friday, 13 November 2026, eight years after the bonds were issued on 13 November 2018. One unit is one gram of gold. The bonds were issued in 2018 at a nominal value of Rs 3,183 per gram (Rs 3,133 for online applications paid digitally).
The numbers in the RBI release
A Sovereign Gold Bond is a Government of India security whose value is linked to the price of gold. It is counted in units of one gram of gold. Redemption is when the government pays the bond back. "Final redemption" means the bond has reached the end of its term.
| Item | Verified detail |
|---|---|
| Bond | Sovereign Gold Bond 2018-19 Series III |
| Issue date | Tuesday, 13 November 2018 |
| Subscription period in 2018 | 5 to 9 November 2018 |
| Nominal value at issue | Rs 3,183 per gram |
| Issue price for online applications paid digitally | Rs 3,133 per gram (Rs 50 less) |
| Term | Eight years from the date of issue |
| Final redemption date | Friday, 13 November 2026 |
| Final redemption price | Rs 14,024 per unit |
| Price based on | Average IBJA closing price of 999 purity gold on 10, 11 and 12 November 2026 |
| Interest | 2.50% a year on the nominal value, paid every six months; the last interest is paid with the principal |
Sources: RBI press releases of 12 November 2026 and 2 November 2018; RBI circular of 8 October 2018.
How RBI worked out Rs 14,024
The RBI press release of 12 November 2026 says the redemption price is the simple average of the closing price of 999 purity gold for the previous three business days, as published by the India Bullion and Jewellers Association Ltd (IBJA). The three days it names are 10, 11 and 12 November 2026. "999 purity" means gold that is 99.9% pure.
10 November 2026 was a stock exchange holiday on NSE. The RBI release still names it as one of the three business days used. The price is based on IBJA's gold prices, not on stock exchange trading.
What Rs 14,024 compares with
RBI's 2 November 2018 release set the nominal value of this series at Rs 3,183 per gram, and Rs 3,133 per gram for investors who applied online and paid digitally.
- Rs 14,024 is Rs 10,841 more than Rs 3,183, which is 340.6% higher.
- Rs 14,024 is Rs 10,891 more than Rs 3,133, which is 347.6% higher.
These two lines compare two published prices only. They do not include the interest paid over the eight years, and they are before any tax. Past gold prices say nothing about future gold prices.
Interest and maturity terms
The RBI circular on the Sovereign Gold Bond Scheme 2018-19 says the bonds carry fixed interest of 2.50% a year on the nominal value, paid every six months, with the last interest paid on maturity along with the principal. It also says RBI or the depository will inform the investor of the maturity date one month before maturity. Early redemption was allowed from the fifth year, on interest payment dates.
Is 13 November a market holiday?
No. Friday, 13 November 2026 is not on NSE's 2026 holiday list. The November holidays on that list are 10 November and 24 November.
Tax
The 2018 circular describes the tax treatment that applied when the bonds were issued, under the Income-tax Act, 1961. This page does not cover how tax applies to the redemption today.
Sources
- RBI press release 2026-2027/1486: final redemption price, SGB 2018-19 Series III. 12 November 2026. Paragraphs 1 and 2 (redemption date, Rs 14,024, IBJA average of 10, 11 and 12 November 2026).
- RBI press release 2018-2019/1041: SGB 2018-19 Series III issue price. 2 November 2018. Single paragraph (subscription period, Rs 3,183 nominal value, Rs 3,133 online price).
- RBI circular RBI/2018-19/57: Sovereign Gold Bond Scheme 2018-19. 8 October 2018. Items 4 (denomination), 7 (calendar of issuance, Series III row), 8 (interest), 11 (redemption), 12 (repayment notice) and 15 (tax treatment).
- NSE circular: trading holidays for the calendar year 2026. 12 December 2025. PDF page 1, holiday table, November entries.
Sources checked on 12 November 2026. Information cutoff: 12 November 2026, 21:00 IST
Common questions
What is the SGB 2018-19 Series III redemption price?
Rs 14,024 per unit, as set by RBI's press release of 12 November 2026. One unit is one gram of gold.
When is SGB 2018-19 Series III redeemed?
Friday, 13 November 2026, which is eight years after the issue date of 13 November 2018.
What was the issue price of SGB 2018-19 Series III?
The nominal value was Rs 3,183 per gram. Investors who applied online and paid digitally paid Rs 3,133 per gram.
How is the SGB redemption price calculated?
It is the simple average of the IBJA closing price of 999 purity gold for the three business days before redemption. For this series RBI used 10, 11 and 12 November 2026.
Potoos Research, SEBI-registered Research Analyst. Registration number INH000027380. SEBI is the Securities and Exchange Board of India.