Sovereign Gold Bonds

Sovereign Gold Bond Scheme was launched by Govt in November 2015, under Gold Monetisation Scheme. These Bonds are issued by the Reserve Bank of India (RBI) on behalf of the Government of India. The gold in these bonds is sold per unit, with each unit deriving its value from underlying one gram gold of 999 purity. SGBs are easy to purchase and handle because they can be purchased online and held in both physical and dematerialized forms. They come with the tenure of eight years and offer 2.5% P.A. interest rate which is paid semi-annually

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Ongoing Issue

Issue Opens
11th September, 2023
Issue Price (Online Mode)
₹ 5873(Price Per Gram)
Minimum Bid Quantity
1 Gram
Issue Closes
15th September, 2023
Issue Price (Online Mode)
₹ 5923(Price Per Gram)
Minimum Bid Quantity
400 Gram
Issuer
Government of India
Date of Issuance
20th September, 2023

Key Features

  • The bonds bear an interest at the rate of 2.50% (fixed rate) per annum on the nominal value.
  • Interest will be credited semi-annually to the investor's account and the last interest will be payable on maturity along with the principal.
  • Investors will earn returns linked to gold prices.
  • Bond carry sovereign guarantee both on redemption amount and on the interest.
  • Minimum investment: 1 gram.
  • Maximum investment: 4 KGs for individual, 4 KGs for HUF and 20 KGs for trust and similar entities per fiscal (April-March).
  • Available in DEMAT & PHYSICAL mode only.
  • Tradable on National Stock Exchange of India Limited.
  • Issuance through trading members of NSE.

Advantages

  • Safest: Zero risk of handling physical gold.
  • Earn Interest: 2.50% assured interest per annum on the issue price.
  • Tax Benefits: No TDS applicable on interest.
  • Indexation benefit if bond is transferred before maturity.
  • Capital gain tax exempt on redemption.
  • Assurance of Purity: Gold bond prices are linked to price of gold of 999 purity (24 carat) published by IBJA.
  • Easy Exit Option: The tenor of the bond is for 8 years with an option to redeem from 5th year onwards on the date on which interest is payable.
  • Traded on Exchange: All earlier issuance of SGB are available for trading on NSE.
  • Ease of Borrowing Loan: Can be used as collateral for loans.

Bid Entry & Modification Timing

  • On Monday, 11th September, 2023 bid entry shall commence from 09:00 am onwards.
  • On the last day of bidding period, i.e. Friday, 15th September, 2023 bid entry shall be available till 1:00 pm.

Forthcoming Issuances

The date of issuances shall be as per the details given in the calendar FY 23-24 below

S.No
Tranche
Date of Subscription
Date of Issuance
-
-
-
-

Past Issuances(2021-23)

S.No
Month
Issue price/gram
1.
Jan 2021
₹ 4950 – 5000
2.
Jan 2021
₹ 5054 – 5104
3.
Feb 2021
₹ 4862 – 4912
4.
Mar 2021
₹ 4612 – 4662
5.
May 2021
₹ 4727 – 4777
6.
May 2021
₹ 4792 – 4842
7.
May 2021
₹ 4839 – 4889
8.
July 2021
₹ 4757 – 4807
9.
Aug 2021
₹ 4740 – 4790
10.
Oct 2021
₹ 4711 – 4761
11.
Dec 2021
₹ 4741 – 4791
12.
Jan 2022
₹ 4736 – 4786
13.
Feb 2022
₹ 5059 – 5109
14.
Jun 2022
₹ 5041 – 5091
15.
Aug 2022
₹ 5147 – 5197
16.
Dec 2021
₹ 5359 – 5409
17.
Mar 2023
₹ 5561 – 5611
18.
Jun 2023
₹ 5876 – 5926

Frequently Asked Questions (FAQs)

Curated investment is the process of selecting and managing a portfolio of investments on behalf of a client. The investment advisor or manager will typically consider the client’s financial goals, risk tolerance, and time horizon when selecting investments.

A seamless digital KYC, e-sign, and payment experience is one that is simple, fast, and secure. It allows investors to complete the KYC process, sign documents electronically, and make payments entirely online, without having to visit a branch or fill out any paperwork.

Fixed income products, such as bonds and certificates of deposit (CDs), offer investors the potential to receive regular returns, such as monthly or quarterly payments. This can be a valuable feature for investors who are looking for a steady stream of income.