New Sovereign Gold Bond tranche: Is SGB Series IV 2023-24 issue price highest ever offered? (2024)

The final tranche of Sovereign Gold Bonds (SGBs) for the 2023-24 series opened on February 12, 2024 for subscribers and will close on February 16, 2023.The allotment will be done on February 21, if the application is successful

Before the next fiscal year begins, the RBI will provide the list of SGB series for the following year

Latest Sovereign Gold Bond tranche open for subscription: 5 ways to invest in SGB 2023-24 Series-IV

What is the issue price of latest SGB tranche?

Investors may purchase one-unit SGB (Series IV) 2023-24 for Rs 6,263, which is the price per gram. One unit of SGB equals one gram of gold. The RBI gives a discount of Rs 50 per gram to investors who apply online and pay for their applications digitally.

"In terms of Government of India Notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated December 08, 2023, the Sovereign Gold Bond Scheme 2023-24 - Series IV will be open for subscription during February 12–16, 2024. 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 Rs 6,263/- (Rupees Six thousand two hundred and sixty three only) per gram of gold. Government of India, in consultation with the Reserve Bank, has decided to offer a discount of Rs 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 Rs 6,213/- (Rupees Six thousand two hundred and thirteen only) per gram of gold," stated an RBI press release dated February 9. 2024.

Also read: Sovereign Gold Bonds 2023-24 Series IV opens on February 12: Know the latest SGB tranche issue price

Here is the list of SGB issued since the launch in 2015. So, this SGB (Series IV) 2023-24 is the highest issue price offered till date.

FY 2023-24
The series prices for the financial year 2023-24 are given below.

Also read: Tax free premature redemption of Sovereign Gold Bond (SGB) is allowed only within this 21-day annual window

FY 2022-23
The series prices for the financial year 2022-23 are given below.

FY 2021-22
The series prices for the financial year 2021-22 are given below.

FY 2020-21
The series prices for the financial year 2020-21 are given below.

FY 2019-20
The series prices for the financial year 2019-20 are given below.

FY 2018-19
The series prices for the financial year 2018-19 are given below.

FY 2017-18
The series prices for the financial year 2017-18 are given below.

FY 2016-17
The series prices for the financial year 2016-17 are given below.

FY 2015-16
The series prices for the financial year 2015-16 are given below.

Source: Financialcalculatorindia

In Video: SGB's issue open now: Here's why this tax-free investment option is standing strong

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