The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2018-19 Series IV, set at Rs 13,486 per unit. This tranche, issued on January 1, 2019, becomes eligible for premature redemption on January 1, 2026, after completing five years. The redemption price is based on the average gold prices of the preceding three business days. Investors receive cash, not physical gold, and tax implications differ for premature versus maturity gains.