{"id":32556,"date":"2024-09-06T17:00:23","date_gmt":"2024-09-06T11:30:23","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=32556"},"modified":"2024-09-07T09:17:24","modified_gmt":"2024-09-07T03:47:24","slug":"sovereign-gold-bond","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/","title":{"rendered":"Sovereign Gold Bond (SGB)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d96bcbd0deb\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d96bcbd0deb\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#What_Are_Key_Features_of_Sovereign_Gold_Bonds\" title=\"What Are Key Features of Sovereign Gold Bonds?\">What Are Key Features of Sovereign Gold Bonds?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#1_Government_Backing\" title=\"1. Government Backing\">1. Government Backing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#2_Interest\" title=\"2. Interest\">2. Interest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#3_Tenure\" title=\"3. Tenure\">3. Tenure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#3_Pricing\" title=\"3. Pricing\">3. Pricing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#3_Redemption\" title=\"3. Redemption\">3. Redemption<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#4_Taxation\" title=\"4. Taxation\">4. Taxation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#5_Who_are_eligible_to_invest\" title=\"5. Who are eligible to invest\">5. Who are eligible to invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#6_Application_Period\" title=\"6. Application Period\">6. Application Period<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#7_Application_Process\" title=\"7. Application Process\">7. Application Process<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#How_to_Buy_Sovereign_Gold_Bonds\" title=\"How to Buy Sovereign Gold Bonds\">How to Buy Sovereign Gold Bonds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#Comparison_of_SGBs_with_Physical_Gold_Gold_ETFs\" title=\"Comparison of SGBs with Physical Gold &amp; Gold ETFs\">Comparison of SGBs with Physical Gold &amp; Gold ETFs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#Performance_of_Past_Sovereign_Gold_Bonds\" title=\"Performance of Past Sovereign Gold Bonds\">Performance of Past Sovereign Gold Bonds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/#Wrapping_Up\" title=\"Wrapping Up\">Wrapping Up<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">Sovereign Gold Bonds (SGBs) offer a distinctive investment option that merges the benefits of gold with the ease of bond investment. Issued by the Reserve Bank of India, sovereign gold bonds enable individuals to invest in gold without the need for physical ownership and their value is denominated in multiples of grams of gold.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><b><a href=\"https:\/\/kuvera.in\/dl\/v2\/?redirect_to=dashboard-invest\/all\/invest-sip?source=blog\"><img loading=\"lazy\" class=\"alignnone wp-image-29759\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2024\/04\/SIP-banner-1024x256.png\" alt=\"Start SIP on Kuvera\" width=\"600\" height=\"150\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2024\/04\/SIP-banner-1024x256.png 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2024\/04\/SIP-banner-300x75.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2024\/04\/SIP-banner-768x192.png 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2024\/04\/SIP-banner-1536x384.png 1536w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2024\/04\/SIP-banner-2048x512.png 2048w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2024\/04\/SIP-banner-150x38.png 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/b><\/h4>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Launched in 2015, the sovereign gold bonds provide a practical alternative to buying and storing physical gold and other investment vehicles such as gold ETFs. They allow investors to diversify their portfolios, gain exposure to gold&#8217;s value, and earn interest on their investments.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Did you know that apart from sovereign gold bonds, you can also invest in virtual gold through <\/span><a href=\"https:\/\/kuvera.in\/mutual-funds\/all\/?q=gold\"><span style=\"font-weight: 400;\">gold funds<\/span><\/a><span style=\"font-weight: 400;\">?\u00a0<\/span><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Let us learn all about sovereign gold bonds here:\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Key_Features_of_Sovereign_Gold_Bonds\"><\/span><b>What Are Key Features of Sovereign Gold Bonds?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Government_Backing\"><\/span><b>1. Government Backing<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">These bonds are issued by the RBI on behalf of the Government of India. The principal amount (the value of gold invested) and interest payments are guaranteed by the sovereign. This makes Sovereign Gold Bonds a reliable choice for investors seeking stability and security, especially in a volatile market. The credit risk is extremely low due to backing by the government. The issuance and management are regulated by the RBI and the Ministry of Finance. This regulatory oversight ensures that the process is transparent and that the bonds are managed in a way that maintains investor confidence.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Interest\"><\/span><b>2. Interest<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Sovereign Gold Bonds offer a fixed annual interest rate (typically around 2.5% per annum) which is payable semi-annually.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Tenure\"><\/span><b>3. Tenure<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Sovereign Gold Bonds have a tenure of eight years from the date of issue with an exit option after the 5th year.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Pricing\"><\/span><b>3. Pricing<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The price of these bonds is linked to the price of gold, which is determined based on the average closing price of gold of 999 purity over the last 3 working days of the week preceding the subscription period quoting on IBJA (Indian Bullion &amp; Jewellers Association Limited). The price at the time of redemption is determined based on a similar mechanism.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Redemption\"><\/span><b>3. Redemption<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">On maturity, the investor receives the value of the gold (at the current market rate) along with the final interest payment.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Taxation\"><\/span><b>4. Taxation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The interest income is subject to taxation at the applicable marginal tax rate, meaning it will be taxed as per the investor\u2019s income tax slab. However, Tax Deducted at Source (TDS) is not applied to this interest income. However, the capital gains tax arising on maturity is exempt for individuals, Hindu Undivided Families (HUFs), trusts and similar entities. Any redemption with RBI is tax-free meaning if these bonds are not sold in the secondary market but redeemed with RBI only, gains are tax-free.<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/kuvera.in\/mutual-funds\/all\/others\/index-funds\/\">Start investing<\/a> in Index Funds.<\/span><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Who_are_eligible_to_invest\"><\/span><b>5. Who are eligible to invest<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Indian residents including individuals, HUFs, trusts and charitable institutions are eligible to invest in Sovereign gold Bonds.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Application_Period\"><\/span><b>6. Application Period<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Sovereign Gold Bonds are issued in tranches, usually every quarter of the fiscal year. Each tranche has a specific subscription period, typically lasting about one week. During this time, investors can apply for the bonds. The exact dates for each tranche are announced by RBI and can be found on their official website or through notifications from participating banks and financial institutions. Prior to the subscription period, the RBI releases a notification detailing the dates, terms and other specifics of the bond issuance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors can monitor RBI announcements or consult with their banks and financial institutions for the exact dates and procedures. While the primary application periods are quarterly, Sovereign Gold Bonds can be traded on stock exchanges (NSE and BSE) after the initial subscription period. This provides some flexibility if the primary subscription window is missed.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Application_Process\"><\/span><b>7. Application Process<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">One can apply for Sovereign Gold Bonds through the RBI\u2019s website. Additionally, several designated banks and financial institutions offer online applications via their net banking platforms. For those preferring offline applications, the investor can visit the branches of authorized banks and financial institutions to apply in person. It is important to note that these must be bought through SEBI-authorised selling agencies only.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Buy_Sovereign_Gold_Bonds\"><\/span><b>How to Buy Sovereign Gold Bonds<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Check Availability:<\/b><span style=\"font-weight: 400;\"> Look for the latest tranche announcement from the RBI or visit their official website.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Choose a Bank\/Institution:<\/b><span style=\"font-weight: 400;\"> Decide whether you want to apply online or offline.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Submit Application:<\/b><span style=\"font-weight: 400;\"> Fill out the application form, providing necessary details and KYC documents.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Make Payment:<\/b><span style=\"font-weight: 400;\"> Pay the subscription amount through your bank account.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Receive Bonds:<\/b><span style=\"font-weight: 400;\"> Once processed, the bonds are received either digitally or in certificate form.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Comparison_of_SGBs_with_Physical_Gold_Gold_ETFs\"><\/span><b>Comparison of SGBs with Physical Gold &amp; Gold ETFs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Gold Sovereign Bonds are new-age investment vehicles for those interested in diversifying their portfolio with gold holdings. When comparing Sovereign Gold Bonds (SGBs) with physical gold and gold ETFs, it&#8217;s important to evaluate their distinct features, benefits, and limitations to determine which investment best suits your financial goals and preferences.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Particulars<\/b><\/td>\n<td><b>Physical Gold<\/b><\/td>\n<td><b>Gold ETF<\/b><\/td>\n<td><b>Sovereign Gold Bonds<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Returns\/earnings<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Lower than the real return on gold due to making charges<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Less than actual return on gold<\/span><\/td>\n<td><span style=\"font-weight: 400;\">More than actual return on gold<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Safety<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Risk of theft, wear\/tear<\/span><\/td>\n<td><span style=\"font-weight: 400;\">High<\/span><\/td>\n<td><span style=\"font-weight: 400;\">High<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Purity<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The purity of gold always remains a question<\/span><\/td>\n<td><span style=\"font-weight: 400;\">High as it is in electronic form<\/span><\/td>\n<td><span style=\"font-weight: 400;\">High as it is in electronic form<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gains<\/span><\/td>\n<td><span style=\"font-weight: 400;\">LTCG after two years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Long-term capital gain post after two years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">LTCG post two years. (No capital gain tax if redeemed after maturity)\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">As loan collateral<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accepted<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not accepted<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accepted\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tradability or exit formalities<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Restrictive<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tradable on Stock Exchange<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Can be traded and redeemed from the 5th year with the government<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Storage expenditures<\/span><\/td>\n<td><span style=\"font-weight: 400;\">High<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Negligible<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Negligible<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Performance_of_Past_Sovereign_Gold_Bonds\"><\/span><b>Performance of Past Sovereign Gold Bonds<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Returns:<\/b><span style=\"font-weight: 400;\"> Historically, SGBs have provided better returns than physical gold investments, closely reflecting the price of gold. Since their price is linked to the market price of gold, they can generally perform well when gold prices rise.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest Payments:<\/b><span style=\"font-weight: 400;\"> The interest payments are fixed so they can provide a steady income stream in addition to the potential appreciation of the gold price.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Refer below chart and table for historical performance of SGBs:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Price history of SGB for FY 2023-2024:<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Series<\/b><\/td>\n<td><b>Month<\/b><\/td>\n<td><b>Price per Gram<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 1<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Jun-23<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 5,926<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 2<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Sep-23<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 5,923<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 3<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Dec-23<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 6,199<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 4<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Feb-23<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 6,263<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><b>Price history of SGB for FY 2022-2023:<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Series<\/b><\/td>\n<td><b>Month<\/b><\/td>\n<td><b>Price per Gram<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 1<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Jun-22<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 5,041<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 2<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Aug-22<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 5,091<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 3<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Dec-22<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 5,409<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 4<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Mar-23<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 5,611<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><b>Price history of SGB for FY 2021-2022:<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Series<\/b><\/td>\n<td><b>Month<\/b><\/td>\n<td><b>Price per Gram<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 1<\/span><\/td>\n<td><span style=\"font-weight: 400;\">May-21<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,777<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 2<\/span><\/td>\n<td><span style=\"font-weight: 400;\">May-21<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,842<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 3<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Jun-21<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,889<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 4<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Jul-21<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,807<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 5<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Aug-21<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,790<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 6<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Sep-21<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,732<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 7<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Oct-21<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,765<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 8<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Nov-21<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,791<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 9<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Jan-22<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 4,786<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Series 10<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Mar-22<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 5,109<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wrapping_Up\"><\/span><b>Wrapping Up<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Sovereign Gold Bonds or SGBs are a way to invest in virtual gold. Investing in these bonds can be a better investment option against physical gold.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h4><a href=\"https:\/\/www.kuvera.in\/dl\/v2\/?redirect_to=dashboard-invest\/fixed-deposit?source=fd_blog_banner\"><img loading=\"lazy\" class=\"alignnone wp-image-29666 size-full\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2024\/04\/FD-Banner-9.4-03.png\" alt=\"FD Up to 9.40% on Kuvera\" width=\"600\" height=\"150\" \/><\/a><\/h4>\n<p><strong>Interested in how we think about the markets?<\/strong><\/p>\n<p>Read more:\u00a0<a href=\"https:\/\/kuvera.in\/blog\/in-investing-the-simplest-things-are-the-hardest\/\">Zen And The Art Of Investing<\/a><\/p>\n<p><strong>Watch here: <\/strong>Investing In Passive Funds<\/p>\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\">\n<div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/qR6zzb2MtTg?si=EItlniU7MiusUNCU\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=R7g03UwJAT8&amp;utm_source=Blog&amp;utm_medium=Weekly+wrap+22nd+July\" target=\"_blank\" rel=\"noopener\">kuvera.in<\/a> to discover Direct Plans of Mutual Funds and <a href=\"https:\/\/kuvera.in\/explore\/fixed-deposit\/c\/all\">Fixed Deposits<\/a>\u00a0and start investing today.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><em>AREVUK Advisory Services Pvt Ltd | SEBI Registration No. INA200005166<\/em><br \/>\n<em>DISCLAIMER: Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. The securities quoted are for illustration only and are not recommendatory.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sovereign Gold Bonds (SGBs) offer a distinctive investment option that merges the benefits of gold with the ease of bond investment. Issued by the Reserve Bank of India, sovereign gold bonds enable individuals to invest in gold without the need for physical ownership and their value is denominated in multiples of grams of gold.\u00a0 &nbsp; [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/sovereign-gold-bond\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":32,"featured_media":32566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1756],"tags":[2011,650,2802,1017,1015,279,214,2801],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sovereign Gold Bond (SGB)<\/title>\n<meta name=\"description\" content=\"Learn about Sovereign Gold Bonds also known as SGBs and how they can be better than investing in physical gold.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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