Price History of Sovereign Gold Bonds (SGBs)

The Sovereign Gold Bond (SGB) scheme, introduced as part of the Gold Monetisation Scheme in India, is offered in tranches by the Reserve Bank of India (RBI). The regulator notifies the details of new issuances periodically. These bonds are issued as stocks as a part of the Government Security Act of 2006.

 

Investors of SGBs are provided with a Holding Certificate, which acts as proof of investment. 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.

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

 

The series prices for the financial year 2023-24 are given below.

• Financial Year 2022-23

• Financial Year 2021-22

• Financial Year 2020-21

• Financial Year 2019-20

• Financial Year 2018-19

• Financial Year 2017-18

• Financial Year 2016-17

• Financial Year 2015-16

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 bank at least a day prior to the date of your coupon payment.