RBI fixes Sovereign Gold Bond redemption rate at ₹8,624 per unit

17-03-2025 05:45 PM

The Reserve Bank of India (RBI) said the redemption price for the final redemption of Sovereign Gold Bonds (SGBs) due on March 17, 2025 would be ₹8,624 per unit of SGB. “This price has been fixed based on the simple average of closing gold price for the week March 10-13, 2025,” the RBI said.

“The redemption price of SGB shall be based on the simple average of closing price of gold of 999 purity of the week (Monday-Friday), preceding the date of redemption, as published by the India Bullion and Jewellers Association Limted (IBJA),” it stated.

The SGBs 2016-17 Series IV issued on March 17, 2017 as per the Union Government’s Sovereign Gold Bond Scheme are repayable on the expiration of eight years from the date of issue of the Gold Bonds. “Accordingly, the final redemption date of the above tranche shall be March 17, 2025,” the Central Bank said.

Courtesy : The Hindu

From Diamond Grading to Jewelry Evaluation: GCAL by Sarine Expands in India

25-09-2026 2:15 PM

Singapore Exchange Mainboard and Tel Aviv Exchange listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI; SARN.TA), a worldwide leader in the development, marketing...

Anera Silver by Kushals Accelerates India Expansion with Bengaluru Debut, Six New Stores and ₹25 Crore Revenue Target

25-09-2026 2:10 PM

Anera Silver by Kushals announced the opening of its first store in Bengaluru’s HSR Layout on 26th September, marking the beginning of an ambitious retail journey for the newly launched jewellery...

SENNES shines at MILAN FASHION WEEK with DESIGNER DHRUV KAPOOR, taking contemporary Indian Luxury to the global stage

25-09-2026 2:05 PM

SENNES, the lab-grown diamond jewellery brand from the House of Senco, showcased at Milan Fashion Week as the jewellery partner for designer Dhruv Kapoor’s show on Tuedsay, September 22, 2026. Bringing its...

Thiru. J.C.D. Prabhakar, Speaker of Tamil Nadu Assembly and industry dignitaries inaugurates Gem and Jewellery India International Fair (GJIIF)

25-09-2026 2:00 PM

Thiru. J.C.D. Prabhakar, Speaker of Tamil Nadu Assembly and industry dignitaries inaugurates Gem and Jewellery India International Fair (GJIIF), taking place from today onwards till 27th September at Chennai Trade...

The Natural Diamond Council relaunches as the Diamond Collective with a new strategy to reignite desire for Natural Diamonds

23-09-2026 2:20 PM

Today, the Natural Diamond Council becomes The Diamond Collective unveiling a new global strategy to reconnect natural diamonds with culture, strengthen consumer confidence and drive long-term relevancy. Shaped...