Sovereign Gold Bond (SGB) Price Today
Track the current market-linked value of Sovereign Gold Bonds against live 999 purity (24K) gold rates, plus a history of past RBI issue prices for every SGB tranche.
Data as of 25 Jul 2026 — reference 999 purity (24K) gold rate, derived from live international gold futures converted to INR
This is the reference rate used to estimate current SGB market value — 1 SGB unit represents 1 gram of gold. Actual traded prices on NSE/BSE may differ slightly due to demand-supply and the bond's embedded interest value.
SGB Issue Price History
Below are the RBI-published issue prices for the most recent Sovereign Gold Bond tranches, along with the approximate gain versus today's live gold reference rate.
| Tranche | Subscription Period | Issue Price | Gain vs Today |
|---|---|---|---|
| 2023-24 Series IV | 12–16 Feb 2024 | ₹6,263/g | +101.6% |
| 2023-24 Series III | 18–22 Dec 2023 | ₹6,199/g | +103.7% |
| 2023-24 Series II | 11–15 Sep 2023 | ₹5,923/g | +113.2% |
| 2023-24 Series I | 19–23 Jun 2023 | ₹5,926/g | +113.1% |
| 2022-23 Series IV | 06–10 Mar 2023 | ₹5,611/g | +125.1% |
Investors who bought the 2023-24 Series IV at ₹6,263/g are sitting on an approximate +101.6% gain based on today's reference gold rate, before accounting for the 2.5% annual interest paid by the RBI.
What Is a Sovereign Gold Bond?
A Sovereign Gold Bond (SGB) is a government security denominated in grams of gold, issued by the Reserve Bank of India on behalf of the Government of India. SGBs are an alternative to holding physical gold — investors pay the issue price in cash and receive the equivalent gold value at maturity (8 years), with an option to exit early after the 5th year. SGBs also pay a fixed 2.5% annual interest on the initial investment, credited semi-annually, which physical gold does not offer.
Tax Benefits of SGBs
Capital gains on SGBs are exempt from tax if held until final maturity (8 years). If sold on the exchange before maturity, capital gains are taxed as per standard long-term or short-term capital gains rules depending on the holding period. The 2.5% annual interest is taxable as per the investor’s income tax slab. This tax treatment makes SGBs one of the most tax-efficient ways to hold gold in India when held to maturity.
How to Buy and Sell SGBs Now
Since the RBI has paused new tranche issuance, SGBs can currently only be acquired by buying existing bonds on the secondary market through NSE or BSE using a demat and trading account, or by purchasing from another investor via private transfer. Existing SGB holders can also redeem early through RBI-designated redemption windows that open twice a year after the 5th year from issuance, or hold until the 8-year maturity for full tax-free redemption.
SGB vs Physical Gold vs Gold ETF
Compared to physical gold, SGBs eliminate making charges, storage risk, and purity concerns, while adding 2.5% annual interest income. Compared to Gold ETFs, SGBs offer better tax treatment (tax-free gains at maturity) but are less liquid since new issuance has paused and secondary market volumes are lower than ETF trading volumes. Gold ETFs remain more liquid for investors who need to enter or exit positions frequently.
Sovereign Gold Bond — Frequently Asked Questions
Is RBI issuing new Sovereign Gold Bonds in 2026?
No new SGB tranche has been issued since Series IV of FY2023-24 (12–16 February 2024). The RBI and Ministry of Finance have not announced a fresh SGB calendar since then, as the government has shifted focus toward other gold monetisation routes. Investors seeking gold exposure now typically use existing SGBs on the secondary market, Gold ETFs, or digital gold.
How is the SGB redemption price calculated?
SGB redemption price is based on the simple average closing price of 999 purity (24K) gold for the last 3 business days preceding the redemption date, as published by the India Bullion and Jewellers Association (IBJA). This means the redemption value tracks the live gold market rate at the time of redemption, not the original issue price.
Can I sell my Sovereign Gold Bond before maturity?
Yes. SGBs can be sold on NSE or BSE at any time after listing if held in demat form, subject to market liquidity. Alternatively, RBI allows early redemption directly (not on the exchange) after the 5th year from the date of issue, exercisable on the interest payment dates, with a request submitted at least one day before the interest payment date.
What is the interest rate on Sovereign Gold Bonds?
Sovereign Gold Bonds pay a fixed 2.5% per annum interest on the initial investment amount, credited to the investor's bank account semi-annually. This interest is paid in addition to any capital appreciation in the gold price, making the effective return typically higher than holding physical gold of the same value.
Are Sovereign Gold Bonds better than physical gold for investment?
For pure investment purposes, SGBs are generally considered superior to physical gold because they eliminate making charges and storage/theft risk, pay 2.5% annual interest on top of gold price appreciation, and offer tax-free capital gains if held to the 8-year maturity. Physical gold remains preferable only when the buyer needs jewellery or wants immediate physical possession.