New Delhi [India], The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bonds (SGBs) under the 2017-18 Series IV and 2018-19 Series II tranches, scheduled for Tuesday. India Notification dated October 06, 2017, October 08, 2018, premature redemption of SGBs may be permitted after five years from the date of issue, aligned with the date on which interest on the bonds is payable for the SGB. The redemption price will be based on the simple average of the price of cloisonné gold of 999 purity published by the India Bullion and Jewelers Association Ltd (IBJA) over the last three business days from the redemption date. Redemption price for premature redemption is payable on April 23. . SGB ​​has been fixed at Rs 7325 per unit based on the simple average of gold prices for April 18, 19 and 22 investors in the Sovereign Gold Bond Scheme, Series III of 2017-18 have been allowed early redemption by the RBI. The next redemption date for SGB 2017-18 Series III has been scheduled for April 16. The initial redemption price of SGB has been fixed at Rs 7260 per unit, based on the average closing gold price, an RBI press statement said.The Sovereign Gold Bond Scheme was launched under the Government Securities Act 2006 to provide investors a structured opportunity to invest in gold in the last three business days, allowing various entities including individuals, trusts, charitable institutions, universities to participate in the scheme. Permission was given to invest. The bonds were denominated in units of one gram of gold or multiples thereof with a minimum subscription limit of one gram. Individuals can opt for up to 1 kg per financial year, whereas trusts and similar entities had a higher limit of 2 kg. The premature redemption option provides investors with the flexibility to liquidate their investments before the maturity date if needed, along with other benefits such as interest payments and taxes. The benefits, early encashment option have made the Sovereign Gold Bond Scheme an attractive investment opportunity for individuals and institutions who want to diversify their portfolio with gold-backed securities.The announcement of redemption price for SGB 2017-18 Series IV and SG 2018-19 Series II further strengthens the bond between investors and the scheme by providing transparency and clarity in the redemption process.