RBI Announces Final Redemption Price for Sovereign Gold Bond 2017-18 Series VII at ₹12,350 per Gram

The Reserve Bank of India (RBI) has announced the final redemption price for the Sovereign Gold Bond (SGB) 2017–18 Series VII, which matures on November 13, 2025. The redemption price has been fixed at ₹12,350 per gram, according to the central bank’s latest notification.

This marks the completion of the 8-year tenure for investors who subscribed to this series when it was first issued on November 13, 2017.

SGB 2017-18 Series VII Issue Details and Initial Pricing

When the SGB 2017–18 Series VII was launched, the issue price was ₹2,934 per gram after applying a ₹50 discount for investors who subscribed online. The nominal issue price before discount was ₹2,984 per gram.

This series was part of the government’s weekly SGB issuance calendar held between October and December 2017.

Maturity and Early Redemption

Sovereign Gold Bonds come with a maturity period of 8 years, but investors are allowed to redeem early after 5 years, provided the redemption is made on an interest payment date.

The redemption price of ₹12,350 per gram has been calculated using the simple average of 999-purity gold prices published by the India Bullion and Jewellers Association (IBJA) on November 10, 11, and 12, 2025.

Interest and Tax Implications on SGB 2017-18 Series VII

The SGB carries a fixed annual interest rate of 2.5%, payable every six months on the nominal issue value. The final interest installment is paid along with the principal amount at maturity.

While the interest earned is taxable, the capital gains on redemption at maturity are exempt from tax, making these bonds attractive for long-term investors.

Read more: Vishal Mega Mart Grants 40.25 Lakh Stock Options to Employees.

Conclusion

Investors who bought Sovereign Gold Bonds in 2017 are set to gain significantly as the redemption price has risen more than four times from the original issue value. The combination of fixed interest income, tax-free capital gains, and safety backed by the Government of India continues to make SGBs one of the most secure and rewarding gold investment options.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.