This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best.

When Sovereign Gold Bond issue will open?

The Sovereign Gold Bond Scheme 2023-24 - Series IV will be open for subscription during February 12–16, 2024.

What will be price per gram?

The 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, i.e. February 07, February 08 and February 09, 2024 works out to ₹6,263/- (Rupees Six thousand two hundred and sixty three only) per gram of gold.

Discount of ₹50

Government of India, in consultation with the Reserve Bank, has decided to 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. For such investors, the issue price of Gold Bond will be ₹6,213/- (Rupees Six thousand two hundred and thirteen only) per gram of gold.

What Is the Minimum Investment?

If you're thinking about investing, you can start with as little as 1 gram and go up to a maximum of 4 kilograms. The rules for confirming your identity (KYC) when buying Sovereign Gold Bonds are the same as those for getting physical gold.

2.5% interest per annum

Sovereign Gold Bonds (SGBs) provide a 2.5% annual interest rate, paid twice a year. The interest earned is subject to taxation based on the investor's applicable tax bracket. Yet, if the SGBs are retained until maturity, which is 8 years, the total amount received is exempt from taxation, and there is no requirement for TDS (Tax Deducted at Source).