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Sovereign Gold Bonds

Sovereign Gold Bonds are government securities issued by the Reserve Bank of India (RBI) on behalf of the Government of India.
Invest in Sovereign Gold Bonds

What are Sovereign Gold Bonds?

Sovereign Gold Bonds are government securities issued by the Reserve Bank of India (RBI) on behalf of the Government of India. The sovereign gold bond scheme was launched in 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings into financial savings.

They are denominated in grams of gold and Investors can buy these bonds through exchange at issue price, when RBI announces a fresh sale or they can purchase it immediately through exchange at current price like any other security. Investors can redeem these bonds for cash upon maturity of the bonds or can sell it on exchange at current prices.

Sovereign Gold Bond Scheme 2020-21 & 2021-22

The sovereign bonds have been issued in various tranches from April 2020 to September 2021 as per the calendar specified below. Please note that the below prices are after giving the Rs. 50/- Discount on paying via Online Mode.

S. No.TrancheDate of SubscriptionDate of IssuancePrice ₹/gm
1.2020-21 Series IApril 20-24, 2020April 28, 2020₹ 4,589
2.2020-21 Series IIMay 11-15, 2020May 19, 2020₹ 4,540
3.2020-21 Series IIIJune 08-12, 2020June 16, 2020₹ 4,627
4.2020-21 Series IVJuly 06-10, 2020July 14, 2020₹ 4,802
5.2020-21 Series VAugust 03-07, 2020August 11, 2020₹ 5,284
6.2020-21 Series VIAugust 31-September 04, 2020September 08, 2020₹ 5,067
7.2020-21 Series VIIOctober 12-16, 2020October 20, 2020₹ 5,001
8.2020-21 Series VIIINovember 9-13, 2020November 17, 2020₹ 5,127
9.2020-21 Series IXDecember 28th-1st Jan 2021January 5, 2021₹ 4,950
10.2020-21 Series XJanuary 11-15, 2021January 21, 2021₹ 5,004
11.2020-21 Series XIFebruary 1st-5th, 2021February 9, 2021₹ 4,862
12.2020-21 Series XIIMarch 1st-5th, 2021March 9, 2021₹ 4,612
12.2021-22 Series IMay 17th-21st, 2021May 25, 2021₹ 4,727
12.2021-22 Series IIMay 24th-28th, 2021June 01, 2021₹ 4,792
12.2021-22 Series IIIMay 31st-4th June, 2021June 08, 2021₹ 4,839
12.2021-22 Series IVJuly 12th-16th, 2021July 20, 2021₹ 4,757
12.2021-22 Series VAug 9th-13th, 2021Aug 17, 2021₹ 4,740
12.2021-22 Series VIAug 30th-Sep 3rd, 2021Sep 7, 2021



Benefits of Sovereign Gold Bonds


Assured interest on the initial investment, payable half yearly.


Investor can exit the bond at the end of 5th , 6th or 7th year.

Tax benefits

Exempt from TDS or Capital Gains on redemption of the bonds.

Exchange Traded

These bonds are listed and traded on the stock exchange.

Features of Sovereign Gold Bonds


HUFs, Individuals, Trusts, Universities and Charitable institutions


1 gm - 4 kgs per person in a fiscal year.


8 years with exit option from 5th year onwards

Interest rate

2.50% p.a. payable semi-annually on the invested value.


Tradable on BSE and NSE


SGB can be used as collateral for loans


Simple average of gold rate - 3 days prior to redemption date

Tax Treatement

Exempt from Capital Gains Tax on redemption

Physical gold v/s Gold ETF v/s Sovereign Gold Bonds

Particulars Physical Gold Gold ETF Sovereign Gold Bond
Returns/ earnings Lower than the real return on the gold due to making charges Less than actual return the gold More than actual return the gold
Safety Risk of theft, wear/tear High High
Purity The purity of gold remains a question High as it is in electronic form High as it is in electronic form
Gains LTCG after 3 years LTCG post after 3 years LTCG post 3 years (No capital gain tax if redeemed after maturity)
As Loan Collateral Accepted Not accepted Accepted
Tradability or exit formalities Restrictive Trade on stock exchange Can be traded and redeemed from the 5th year with the government
Storage expenditures High Minimal Minimal

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