Gold Bonds

Sovereign Gold Bond (SGB) Tracker

Sovereign Gold Bonds are RBI-issued bonds denominated in grams of gold, paying 2.5% annual interest on the issue price + gold price appreciation. Capital gains at maturity are completely tax-free. SGBs trade on NSE/BSE secondary market before maturity.

₹7,200

Current Gold Price (per gram)

Approx. as of May 2026

2.5% p.a.

Annual Coupon (all series)

Paid semi-annually on issue price

Capital Gains Tax at Maturity

Fully exempt if held to maturity

Fresh issuance paused: The Government of India paused fresh SGB issuance in 2024-25 (Budget 2024-25 did not announce new tranches). Existing SGBs continue to trade on NSE/BSE secondary market. You can buy them through your broker like any listed bond. Learn how to invest in gold →

All SGB Series — Secondary Market

Series	NSE Symbol	Issue Price	Current Gold Value	Total Return	Issue Date	Maturity Date	Days to Maturity
SGB 2017-18 Series I Matured	SGBAUG29IV	₹2,961	₹7,200	+164.3%	24 Nov 2017	24 Nov 2025	—
SGB 2017-18 Series III Matured	SGBJAN26III	₹2,890	₹7,200	+170.0%	1 Jan 2018	1 Jan 2026	—
SGB 2018-19 Series I	SGBOCT26I	₹3,183	₹7,200	+145.0%	31 Oct 2018	31 Oct 2026	175d
SGB 2018-19 Series II	SGBJAN27II	₹3,214	₹7,200	+142.3%	22 Jan 2019	22 Jan 2027	258d
SGB 2019-20 Series I	SGBJUN27I	₹3,196	₹7,200	+142.5%	19 Jun 2019	19 Jun 2027	406d
SGB 2019-20 Series VI	SGBOCT27VI	₹3,835	₹7,200	+104.1%	25 Oct 2019	25 Oct 2027	534d
SGB 2020-21 Series I	SGBAPR28I	₹4,639	₹7,200	+70.3%	28 Apr 2020	28 Apr 2028	720d
SGB 2020-21 Series V	SGBSEP28V	₹5,117	₹7,200	+54.9%	4 Sept 2020	4 Sept 2028	849d
SGB 2020-21 Series X	SGBJAN29X	₹5,104	₹7,200	+54.3%	19 Jan 2021	19 Jan 2029	986d
SGB 2021-22 Series I	SGBJUN29I	₹4,777	₹7,200	+63.1%	1 Jun 2021	1 Jun 2029	1,119d
SGB 2021-22 Series V	SGBSEP29V	₹4,765	₹7,200	+62.7%	20 Sept 2021	20 Sept 2029	1,230d
SGB 2022-23 Series I	SGBJUN30I	₹5,091	₹7,200	+51.1%	24 Jun 2022	24 Jun 2030	1,507d
SGB 2022-23 Series IV	SGBDEC30IV	₹5,409	₹7,200	+41.5%	27 Dec 2022	27 Dec 2030	1,693d
SGB 2023-24 Series I	SGBJUN31I	₹5,926	₹7,200	+28.7%	19 Jun 2023	19 Jun 2031	1,867d
SGB 2023-24 Series IV	SGBDEC31IV	₹6,199	₹7,200	+22.1%	28 Dec 2023	28 Dec 2031	2,059d

Total Return includes estimated coupon income (2.5% p.a. on issue price) + capital gain based on current gold price of ₹7,200/gram. Actual coupon is paid semi-annually and is taxable as per income tax slab. Capital gain at maturity is tax-free.

SGB vs Other Gold Investment Options

Parameter	SGB	Physical Gold	Gold ETF	Digital Gold
Annual return (extra)	2.5% coupon on top of gold return	No additional return	No coupon	No coupon
Capital gains tax (maturity)	0% if held to 8 years	20% LTCG + indexation	20% LTCG after 24 months	Taxed as physical gold
Making charges / spread	None	8–20% making charges	0.5–1% expense ratio	0–3% buy/sell spread
Minimum investment	1 gram	Usually 1–5g minimum	1 unit (≈1g)	₹1 worth
Liquidity before maturity	Listed on NSE/BSE (secondary)	Sell to jeweller (spread)	Very liquid (intraday)	Platform dependent
Storage / safety risk	None (demat/RBI issued)	High (locker costs)	None (demat)	Platform risk

Read our complete gold investment guide →

Frequently Asked Questions

Can I buy SGBs from the secondary market?

Yes. All SGBs are listed on NSE and BSE. You can buy them through your broker at the prevailing market price, which may be above or below the RBI issue price depending on gold price movements.

How is the 2.5% interest paid?

The 2.5% per annum interest is paid semi-annually (1.25% every 6 months) directly to your bank account registered with the broker/demat. It is taxable as per your income tax slab.

What happens at maturity?

At maturity (8 years from issue), the RBI redeems the bond at the prevailing gold price (average of last 3 business days before maturity). The capital gain is completely tax-free for the original holder.

Is the tax-free benefit available if I buy from secondary market?

The tax-free capital gain benefit at maturity applies regardless of whether you bought from the primary issue or secondary market, as long as you hold until the maturity date.

Disclaimer: Gold prices used are approximate as of May 2026. Actual secondary market prices of SGBs may differ from calculated gold value. Coupon interest is taxable. Tax-free capital gains apply only to original RBI investors holding to maturity — secondary market buyers should consult a tax advisor. Not investment advice.