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Sovereign Gold Bond (SGB): complete issue price history in India

Posted on 28 Jun 2023 • Updated on: 10 Feb 2024
Author: Sayan Sircar

Tags: Gold

15 mins read
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This article provides a complete history of SGB issue price history since 2015 to help investors track the how the issue price has moved over time.

Sovereign Gold Bond (SGB): complete issue price history in India

📚 Topics covered:

How to understand the SGB press release from RBI
SGB Price History
SGB Maturity Return History
SGB Issuance history
Up-to-date SGB Issuance history
Should you invest in the latest SGB offering?

This article is a part of our detailed article series on the concept of Sovereign Gold Bond (SGB). Ensure you have read the other parts here:

SGB return vs issue price: what returns do you expect to get from SGB?

This article compares the currently active SGBs vs the latest SGB issue price to see what returns are implied for investors who are already invested.

Sovereign Gold Bond (SGB): Which Series is Best for You?

This article explains which Sovereign Gold Bond (SGB) series should be bought from the stock market if you are planning to invest in SGB.

The Ultimate Guide to Which Type of Gold Gives the Best Returns

This article helps you choose the right type of gold for your long-term investments since all options do not give the best results.

How to buy SGB from the stock market?

This article shows you how to buy Sovereign Gold Bonds (SGB) from the stock market using your demat account.

Frequently asked questions on Sovereign Gold Bonds (SGB): the complete guide

This article compiles an exhaustive list of FAQs for Sovereign Gold Bonds (SGB).

How to understand the SGB press release from RBI

Before getting into the price history, we will understand how SGBs are priced by reading the RBI press release that comes with every SGB issued.

SGB Press Release

We will give the example of Series I of 2023-24 for investors to understand how SGBs are priced and issued. We will now take up snippets from the RBI press release and explain the terms used.

Sovereign Gold Bond Scheme 2023-24 - Series I will be open for subscription during June 19–23, 2023

Each SGB has an unique financial year and series name which is Series I of FY 2023-24. Investors can apply for the SGB during the period June 19–23, 2023.

nominal value of the bond based on the simple average of closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three working days of the week preceding the subscription period

SGB is issued at a price which is the average of the 999 purity gold as published by the India Bullion and Jewellers Association Ltd (IBJA) for the last 3 working days in the previous week. The identical calculation is used when redemption price of SGB is calculated.

The IBJA website is here: link.

works out to ₹5,926/- (Rupees Five thousand nine hundred and twenty six only) per gram of gold.

The issue price per unit of SGB is ₹5,926. One unit of SGB is equivalent in price to one gram of gold.

offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and making the payment against the application through digital mode

A discount of ₹50/unit is offered as an incentive to make payment for SGB in online mode. This feature has been the norm since most of the SGB issued after 2016.

For such investors, the issue price of Gold Bond will be ₹5,876/- (Rupees Five thousand eight hundred and seventy six only) per gram of gold.

Post discount, the SGB issue price is ₹5,876 per unit.

The complete press release is available in the RBI website.

SGB Price History

The complete SGB price history in India is here:

SGB Complete Price History In India

To understand whether SGB is good or not:

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SGB Maturity Return History

We have covered how maturing SGBs have performed vs FDs and equity mutual funds:

SGB Issuance history

Up-to-date SGB Issuance history

For each issue, we have provided details regarding the issue price (which links to the RBI press release), maturity date and NSE Ticker so that you can find out the current market price. The issue price excludes the ₹50/gm online payment discount.

Note: This list is continuously updated once new SGB issues are announced.

SGB Issued in 2023-24

SGB Year	Series	NSE Ticker	Price/gm	Maturity
2023-24	2023-24 Series IV	SGBFEB32IV	₹6,263	Feb-32
2023-24	2023-24 Series III	SGBDEC31III	₹6,199	Dec-31
2023-24	2023-24 Series II	SGBSEP31II	₹5,923	Sep-31
2023-24	2023-24 Series I	SGBJUN31I	₹5,926	Jun-31

SGB Issued in 2022-23

SGB Year	Series	NSE Ticker	Price/gm	Maturity
2022-23	Series IV	SGBMAR31IV	₹5,611	Mar-31
2022-23	Series III	SGBDE30III	₹5,409	Dec-30
2022-23	Series II	SGBAUG30	₹5,197	Aug-30
2022-23	Series I	SGBJUN30	₹5,091	Jun-30

SGB Issued in 2021-22

SGB Year	Series	NSE Ticker	Price/gm	Maturity
2021-22	Series X	SGBMAR30X	₹5,109	Mar-30
2021-22	Series IX	SGBJAN30IX	₹4,786	Jan-30
2021-22	Series VIII	SGBD29VIII	₹4,791	Dec-29
2021-22	Series VII	SGBNV29VII	₹4,761	Nov-29
2021-22	Series VI	SGBSEP29VI	₹4,732	Sep-29
2021-22	Series V	SGBAUG29V	₹4,790	Aug-29
2021-22	Series IV	SGBJUL29IV	₹4,807	Jul-29
2021-22	Series III	SGBJU29III	₹4,889	Jun-29
2021-22	Series II	SGBJUN29II	₹4,842	Jun-29
2021-22	Series I	SGBMAY29I	₹4,777	May-29

SGB Issued in 2020-21

SGB Year	Series	NSE Ticker	Price/gm	Maturity
2020-21	Series XII	SGBMR29XII	₹4,662	Mar-29
2020-21	Series XI	SGBFEB29XI	₹4,912	Feb-29
2020-21	Series X	SGBJAN29X	₹5,104	Jan-29
2020-21	Series IX	SGBJAN29IX	₹5,000	Jan-29
2020-21	Series VIII	SGBN28VIII	₹5,177	Nov-28
2020-21	Series VII	SGBOC28VII	₹5,051	Oct-28
2020-21	Series VI	SGBSEP28VI	₹5,117	Sep-28
2020-21	Series V	SGBAUG28V	₹5,334	Aug-28
2020-21	Series IV	SGBJUL28IV	₹4,852	Jul-28
2020-21	Series III	SGBJUN28	₹4,677	Jun-28
2020-21	Series II	SGBMAY28	₹4,590	May-28
2020-21	Series I	SGBAPR28I	₹4,639	Apr-28

SGB Issued in 2019-20

SGB Year	Series	NSE Ticker	Price/gm	Maturity
2019-20	Series X	SGBMAR28X	₹4,260	Mar-28
2019-20	Series IX	SGBFEB28IX	₹4,070	Feb-28
2019-20	Series VIII	SGBJ28VIII	₹4,016	Jan-28
2019-20	Series VII	SGBDC27VII	₹3,795	Dec-27
2019-20	Series VI	SGBOCT27VI	₹3,835	Oct-27
2019-20	Series V	SGBOCT27	₹3,788	Oct-27
2019-20	Series IV	SGBSEP27	₹3,890	Sep-27
2019-20	Series III	SGBAUG27	₹3,499	Aug-27
2019-20	Series II	SGBJUL27	₹3,443	Jul-27
2019-20	Series I	SGBJUN27	₹3,196	Jun-27

SGB Issued in 2018-19

SGB Year	Series	NSE Ticker	Price/gm	Maturity
2018-19	Series VI	SGBFEB27	₹3,326	Feb-27
2018-19	Series V	SGBJAN27	₹3,214	Jan-27
2018-19	Series IV	SGBDEC26	₹3,119	Jan-27
2018-19	Series III	SGBNOV26	₹3,183	Nov-26
2018-19	Series II	SGBOCT26	₹3,146	Oct-26
2018-19	Series I	SGBMAY26	₹3,114	May-26

SGB Issued in 2017-18

SGB Year	Series	NSE Ticker	Price/gm	Maturity
2017-18	Series XIV	SGBJAN26	₹2,881	Jan-26
2017-18	Series XIII	SGBDEC2513	₹2,866	Dec-25
2017-18	Series XII	SGBDEC2512	₹2,890	Dec-25
2017-18	Series XI	SGBDEC25XI	₹2,952	Dec-25
2017-18	Series X	SGBDEC25	₹2,961	Dec-25
2017-18	Series IX	SGBNOV25IX	₹2,964	Nov-25
2017-18	Series VIII	SGBNOV258	₹2,961	Nov-25
2017-18	Series VII	SGBNOV25	₹2,934	Nov-25
2017-18	Series VI	SGBNOV25VI	₹2,945	Nov-25
2017-18	Series V	SGBOCT25V	₹2,971	Oct-25
2017-18	Series IV	SGBOCT25IV	₹2,987	Oct-25
2017-18	Series III	SGBOCT25	₹2,956	Oct-25
2017-18	Series II	SGBJUL25	₹2,830	Jul-25
2017-18	Series I	SGBMAY25	₹2,951	May-25

SGB Issued in 2015-17

SGB Year	Series	NSE Ticker	Price/gm	Maturity	Final return
2016-17	Series IV	SGBMAR25	₹2,943	Mar-25
2016-17	Series III	SGBNOV24	₹3,007	Nov-24
2016-17	Series II	SGBSEP24	₹3,150	Sep-24
2016-17	Series I	SGBAUG24	₹3,119	Aug-24
2016	Series II	SGBMAR24	₹2,916	Mar-24	12.18% (article link)
2016	Series I	SGBFEB24	₹2,600	Feb-24	13.03% (article link)
2015	Series I	SGBNOV23	₹2,684	Nov-23	12.28% (article link)

Should you invest in the latest SGB offering?

We have analysed the tranche Sovereign Gold Bond (SGB) 2023-24 (Series IV) in a dedicated article: Sovereign Gold Gold Bond (SGB) 2023-24 (Series IV): Who Should Invest?.

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