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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

Sovereign Gold Bonds

Sovereign Gold Bond Scheme 2023-24 Series IV

Issue Opens
12th February, 2024
Issue Closes
16th February, 2024
Issuer
Government of India
Issue Price (Online Mode)
6213(Price Per Gram)
Issue Price (Other Mode)
6263(Price Per Gram)
Date of Issuance
21st February, 2024
Minimum Bid Quantity
1 Gram
Maximum Bid Quantity
4000 Gram
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How investment works for Sovereign Gold Bonds?

  • Download & fill Application form

    Click below to download form

    Download
  • Payment

    Bank details for making payemnt via RTGS/NEFT/CHEQUE

  • Submit Application

    Submit application to nearest RR office or call us on 9350316010 to arrange pickup.

  • Need Help?

    Call on the mobile number given below for any related help

    9350316010

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.

How to Apply in Sovereign Gold Bonds

Bid Entry & Modification Timing

  • On Monday, 12th February, 2024 bid entry shall commence from 09:00 am onwards.

  • On the last day of bidding period, i.e. Friday, 16th February, 2024 bid entry shall be available till 1:00 pm.

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
18 June 2023 5876 – 5926
19 September 2023 5873 – 5923
20 December 2023 6149 – 6199

Blogs

7 April, 2023

Why Sovereign Gold Bonds are a Must-Have in Your Portfolio: Unlocking Their Value as an Asset Class

Gold has been a valuable commodity for thousands of years, with a rich history in trade and commerce. It is not only prized for its beauty and rarity but also ...

Continue reading...

Authorised Arrangers

RR has been an authorised broker/arranger with Sovereign Gold Bonds since their inception. RR is also among the top mobilizers of Sovereign Gold Bonds in India. We have a pan-India presence through our network and offices.

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* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.


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