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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

Issue Opens
18th December, 2023
Issue Closes
22nd December, 2023
Issuer
Government of India
Issue Price (Online Mode)
To be announced
Issue Price (Other Mode)
To be announced
Date of Issuance
28th December, 2023
Minimum Bid Quantity
1 Gram
Maximum Bid Quantity
4000 Gram
Bond Details
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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.

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Forthcoming Issuances

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

Sr. No. Tranche Date of Subscription Date of Issuance
1 SGB 2023-24 Series III 18th December - 22nd December, 2023 28th December, 2023

Past Issuances(2021-23)

Sr. 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 2022 5359 – 5409
17 Mar 2023 5561 – 5611
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