Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They offer a convenient and secure way to invest in gold without physically owning it. Investors pay the issue price in cash and bonds will be redeemed in cash upon maturity. The Reserve Bank of India issues these bonds on behalf of the government.
Investors are protected as they will receive the market value of gold at the time of redemption, guaranteeing the value of their initial investment. SGBs provide a superior alternative to physical gold ownership.
SGB Series IV FY24 opens today
The Reserve Bank of India (RBI) has announced that the next tranche of the Sovereign Gold Bond Scheme will be available for subscription from 12th to 16th February. The issue price is set at ₹6,263 per gram. This offering, known as the Sovereign Gold Bond Scheme 2023-24 – Series IV, allows investors to subscribe during the mentioned dates.
Historical performance of Sovereign Gold Bonds
Here is the price history of the SGB for the financial year 2023-24
|
Series |
Month (2023) |
NSE Ticker |
Price/gm |
|
2023-24 Series IV |
February |
SGBFEB32IV |
₹6,263 |
|
2023-24 Series III |
December |
SGBDEC31III |
₹6,199 |
|
2023-24 Series II |
September |
SGBSEP31II |
₹5,923 |
|
2023-24 Series I |
June |
SGBJUN31I |
₹5,926 |
Price history of SGB for the financial year 2022-23
|
Series |
Month (2022) |
NSE Ticker |
Price/gm |
|
Series IV |
March |
SGBMAR31IV |
₹5,611 |
|
Series III |
December |
SGBDE30III |
₹5,409 |
|
Series II |
August |
SGBAUG30 |
₹5,197 |
|
Series I |
June |
SGBJUN30 |
₹5,091 |
Price history of SGB for the financial year 2021-22
|
Series |
Month (2021) |
NSE Ticker |
Price/gm |
|
Series X |
March |
SGBMAR30X |
₹5,109 |
|
Series IX |
January |
SGBJAN30IX |
₹4,786 |
|
Series VIII |
December |
SGBD29VIII |
₹4,791 |
|
Series VII |
November |
SGBNV29VII |
₹4,761 |
|
Series VI |
September |
SGBSEP29VI |
₹4,732 |
|
Series V |
August |
SGBAUG29V |
₹4,790 |
|
Series IV |
July |
SGBJUL29IV |
₹4,807 |
|
Series III |
June |
SGBJU29III |
₹4,889 |
|
Series II |
May |
SGBJUN29II |
₹4,842 |
|
Series I |
May |
SGBMAY29I |
₹4,777 |
Also Read: Your Questions Answered: What is the difference between SGBs and gold mutual funds?
Investing in gold, whether through SGBs or other forms, involves the risk of potential losses if the market price of gold decreases. It’s important to understand that this risk applies to all gold investments and is not specific to SGBs.
However, it’s worth noting that the RBI provides assurance that investors will not incur losses in terms of the quantity of gold allocated to them. This guarantee ensures that the investor’s initial investment in terms of gold remains safeguarded.
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Published: 12 Feb 2024, 11:33 AM IST