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BAJAJ FINSERV DIRECT LIMITED

Savings Scheme

Price History of Sovereign Gold Bonds (SGBs)

Deepshikha Nainani Posted on April 25, 2025

Table of Contents

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.

Sovereign Gold Bond Scheme Price History

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

The series prices for the financial year 2025-26 are given below.

Tranche	Date of Issuance	SGB Price per Gram
Series 1	June 2023	₹5,926
Series 2	September 2023	₹5,923
Series 3	December 2023	₹6,199
Series 4	February 2024	₹6,263

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	₹5,611

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	₹4,889
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 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

Tranche	Date of Issuance	SGB Price 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 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 Price 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 Price per Gram
Series 1	November 26, 2015	₹2,684
Series 2	January 18, 2016	₹2,600
Series 3	March 29, 2016	₹2,916

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

FAQs on Sovereign Gold Bonds Prices

Saving Scheme

What is the issue price of an SGB?

The selling price of SGB is determined by the closing price of 999 gold purity over the previous three business days after the repayment date. This data is published by the Indian Bullion and Jewelers Association Ltd.

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. The India Bullion and Jewelers Association Ltd. publishes this information for the preceding three working days of the subscription period.

What happens after 8 years of SGB?

Interest and maturity proceeds will be credited to the investor's bank account upon the maturity of the sovereign gold bonds after eight years.

Who introduced the Sovereign Gold Bond scheme?

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

When was the Sovereign Gold Bond scheme started?

The Sovereign Gold Bond scheme was launched in 2015.

Hi! I’m Deepshikha Nainani

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Deepshikha is a marketing and communications expert with over a decade of experience across various industries. With expertise in performance content, digital campaigns and brand management, she excels in creating data-driven, creative solutions that drive growth and engagement. Holding certifications in digital marketing and content strategy, she is passionate about combining creativity with analytics to create compelling marketing narratives that resonate. During her downtime, Deepshikha enjoys watching films and documentaries, listening to music, cooking and traveling.