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.
Here’s the SGB rate history from the year of introduction:
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 |
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 |
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 |
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 |
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 |
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 |
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 |
Tranche |
Date of Issuance |
SGB Rate Per Gram |
Series 1 |
November 26, 2015 |
₹2,684 |
Series 2 |
March 29, 2016 |
₹2,916 |
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.
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.
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.
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.
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.
The Sovereign Gold Bond scheme was introduced by the Government of India.
The SGB will be issued on March 14, 2023.
The Sovereign Gold Bond scheme came into existence in the year 2015.
The previous recorded SBG issue price was ₹5,409 per gram.
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.
The next issue date of SGB is March 14, 2023.
The subscription date of the upcoming Sovereign Gold Bond issue is March 6, 2023 to March 10, 2023.