Bonds issued by Reserve Bank of India | Returns linked with market price of gold | Additional 2.5% interest p.a. (No TDS applicable) | Bonds tradable on exchange Invest Now

What is a Sovereign Gold Bond?

The Sovereign Gold Bond Scheme (SGBs) was introduced as part of the Gold Monetisation Scheme in India. These issues are offered in tranches as a part of this scheme by the Reserve Bank of India (RBI). RBI notifies the details of new issuances periodically.

 

Investing in the Sovereign Gold Bond scheme eliminates any risks associated with holding physical gold. Investors of SGBs are provided with a Holding Certificate, which acts as proof of investment. Besides, these bonds are issued as stocks as a part of the Government Security Act of 2006.

 

Read on to know more about the price lists, date of issuance, price per gram, and more about the SGBs since they came into existence.

Sovereign Gold Bond Scheme Price History

Here’s the SGB rate history from the year of introduction:

  • Financial Year 2022-23

Tranche

Date of Issuance

SGB Price per Gram

Series 1

June 28, 2022

₹5,091

Series 2

August 30, 2022

₹5,197

Series 3

December 27, 2022

₹5,409

Series 4

March 14, 2023

Yet to be announced

  • Financial Year 2021-22

Tranche

Date of Issuance

SGB Price per Gram

Series 1

May 25, 2021

₹4,777

Series 2

June 1, 2021

₹4,842

Series 3

June 8, 2021

₹4,88

Series 4

July 20, 2021

₹4,807

Series 5

August 17, 2021

₹4,790

Series 6

September 7, 2021

₹4,732

Series 7

November 2, 2021

₹4,765

Series 8

December 7, 2021

₹4,791

Series 9

January 8, 2022

₹4,786

Series 10

March 8, 2022

₹5,109

  • Financial Year 2020-21

Tranche

Date of Issuance

SGB Issue Price per Gram

Series 1

April 28, 2020

₹4,639

Series 2

May 19, 2020

₹4,590

Series 3

June 16, 2020

₹4,677

Series 4

July 14, 2020

₹4,852

Series 5

August 11, 2020

₹5,334

Series 6

September 8, 2020

₹5,117

Series 7

October 20, 2020

₹5,051

Series 8

November 18, 2020

₹5,177

Series 9

January 5, 2021

₹5,000

Series 10

January 19, 2021

₹5,104

Series 11

February 9, 2021

₹4,912

Series 12

March 9, 2021

₹4,662

  • Financial Year 2019-20

Series

Date of Issuance

SGB Rate Per Gram

Series 1

June 11, 2019

₹3,196

Series 2

July 16, 2019

₹3,443

Series 3

August 14. 2019

₹3,499

Series 4

September 17, 2019 

₹3,890

Series 5

October 15, 2019

₹3,788

Series 6

October 30, 2019

₹3,835

Series 7

December 10, 2019

₹3,795

Series 8

January 21, 2020

₹4,016

Series 9

February 11, 2020

₹4,070

Series 10

March 11, 2020

₹4,260

  • Financial Year 2018-19

Tranche

Date of Issuance

SGB Issue Price Per Gram

Series 1

May 4, 2018

₹3,114

Series 2

October 23, 2018

₹3,146

Series 3

November 13, 2018

₹3,183

Series 4

January 1, 2019

₹3,119

Series 5

January 22, 2019

₹3,214

Series 6

February 12, 2019

₹3,326

  • Financial Year 2017-18

Tranche

Date of Issuance

SGB Rate Per Gram

Series 1

May 12, 2017

₹2,951

Series 2

July 28, 2017

₹2,830

Series 3

October 16, 2017 

₹2,956

Series 4

October 23, 2017

₹2,987

Series 5

October 30, 2017 

₹2,971

Series 6

November 6, 2017 

₹2,945

Series 7

November 13, 2017

₹2,934

Series 8

November 20, 2017

₹2,961

Series 9

November 27, 2017

₹2,964

Series 10

December 4, 2017 

₹2,961

Series 11

December 11, 2017

₹2,952

Series 12

December 18, 2017 

₹2,890

Series 13

December 26, 2017

₹2,866

Series 14

January 1, 2018

₹2,881

  •  Financial Year 2016-17

Tranche

Date of Issuance 

SGB Price Per Gram

Series 1

August 5, 2016 

₹3,119

Series 2

September 23, 2016

₹3,150

Series 3

November 17, 2016

₹3,007

Series 4

March 17, 2017

₹2,943

  • Financial Year 2015-16

Tranche

Date of Issuance

SGB Rate Per Gram

Series 1

November 26, 2015

₹2,684

Series 2

March 29, 2016

₹2,916

How Is the SGB’s Selling Price Determined

Upon maturity, your redemption proceeds shall be almost equal to the prevailing market value of gold which was invested originally. The SGB’s selling price is decided based on the closing price of 999 gold purity of the previous three business days of the week post the repayment date. This will be considered based on that date which gets published by the Indian Bullion and Jewelers Association Ltd.

How to Redeem Sovereign Gold Bonds

The tenor of the Sovereign Gold Bond scheme is eight years. However, you can redeem or encash the bond after the fifth year from the issuance date on the dates of your coupon payments.

  • Upon Maturity

You will be notified a month prior to the date of maturity. On maturity, the SGB will be redeemed in INR depending on the selling price published by the Indian Bullion and Jewelers Association Ltd. The redemption and the interest amount are then credited to your bank account directly.

  • Premature Redemption

You can approach the concerned bank or the issuing authority thirty days before the date of your coupon payment. The request, however, will only be considered if you approach the concerned bank at least a day prior to the date of your coupon payment.

Major Aspects of SGBs

Here are a few of the important aspects that you, as an investor, must know about SGBs:

 

  • If you wish to hold the securities in a dematerialised form, it is imperative that you quote your PAN in the application form.

  • You can avail of the nomination facility in order to invest in SGB.

  • Tax Deducted at Source is not applicable to the Sovereign Gold Bond scheme. However, if you are a bond holder, it is imperative that you comply with the tax laws laid down by the Government of India.

  • The interest rates levied on the Sovereign Gold Bonds is taxable according to the provisions of the Income Tax Act of 1961. Upon redemption, the tax on capital gains to an individual can be exempted. 

FAQs on Sovereign Gold Bonds scheme

Who introduced the Sovereign Gold Bond scheme?

The Sovereign Gold Bond scheme was introduced by the Government of India.

When will the SGB be issued in the year 2023?

The SGB will be issued on March 14, 2023.

When was the Sovereign Gold Bond started?

The Sovereign Gold Bond scheme came into existence in the year 2015.

What is the issue price of an SGB?

The previous recorded SBG issue price was ₹5,409 per gram.

How is the current rate of SGB calculated?

The current value of the Sovereign Gold Bonds is calculated in INR, which is fixed based on the average closing price of 999 gold purity. This should have been published by the India Bullion and Jewelers Association Ltd. for the previous three working days of the preceding week with respect to the period of subscription.

What is the next issue date of SGB?

The next issue date of SGB is March 14, 2023.

When is the subscription date of the upcoming Sovereign Gold Bond issue?

The subscription date of the upcoming Sovereign Gold Bond issue is March 6, 2023 to March 10, 2023.

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