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Sovereign Gold Bonds Series IV (2023-24): The latest tranche of Sovereign Gold Bonds (SGBs) for the 2023-24 series is now available for subscription, marking the final opportunity for investors to participate in this year’s offering.
According to ET, from February 12 to February 16, 2024, interested subscribers have a limited window to secure their investment.The allotment of bonds will take place on February 21 for successful applications.
The Reserve Bank of India (RBI) will announce the issuance of SGB series for the following fiscal year.
Sovereign Gold Bonds Series IV 2023-24: Issue price and discounts
Investors eyeing the latest SGB tranche, known as Series IV 2023-24, will find the issue price set at Rs 6,263 per gram of gold. Notably, each unit of SGB corresponds to one gram of gold. For those applying online and opting for digital payment, the RBI offers a discount of Rs 50 per gram, bringing the effective issue price down to Rs 6,213 per gram.
ALSO READ | New Sovereign Gold Bond Series-IV 2023-24 is now open for subscription; check out five ways to invest
As per an RBI press release dated February 9, 2024, and in accordance with the Government of India Notification and a Reserve Bank press release from December 8, 2023, the Sovereign Gold Bond Scheme 2023-24 – Series IV opened for subscription from February 12 and will be open till February 16, 2024. The nominal value of the bond, determined by the average gold price over the last three working days before the subscription period (February 7 to February 9, 2024), stands at Rs 6,263 per gram. Collaboratively, the government and the Reserve Bank offer a discount of Rs 50 per gram for online investors who pay digitally, reducing the issue price to Rs 6,213 per gram.
Here’s the list of SGBs issued since 2015. This SGB (Series IV) 2023-24 has the highest issue price to date:
FY 2023-24
The series prices for the financial year 2023-24 are given below.
According to ET, from February 12 to February 16, 2024, interested subscribers have a limited window to secure their investment.The allotment of bonds will take place on February 21 for successful applications.
The Reserve Bank of India (RBI) will announce the issuance of SGB series for the following fiscal year.
Sovereign Gold Bonds Series IV 2023-24: Issue price and discounts
Investors eyeing the latest SGB tranche, known as Series IV 2023-24, will find the issue price set at Rs 6,263 per gram of gold. Notably, each unit of SGB corresponds to one gram of gold. For those applying online and opting for digital payment, the RBI offers a discount of Rs 50 per gram, bringing the effective issue price down to Rs 6,213 per gram.
ALSO READ | New Sovereign Gold Bond Series-IV 2023-24 is now open for subscription; check out five ways to invest
As per an RBI press release dated February 9, 2024, and in accordance with the Government of India Notification and a Reserve Bank press release from December 8, 2023, the Sovereign Gold Bond Scheme 2023-24 – Series IV opened for subscription from February 12 and will be open till February 16, 2024. The nominal value of the bond, determined by the average gold price over the last three working days before the subscription period (February 7 to February 9, 2024), stands at Rs 6,263 per gram. Collaboratively, the government and the Reserve Bank offer a discount of Rs 50 per gram for online investors who pay digitally, reducing the issue price to Rs 6,213 per gram.
Here’s the list of SGBs issued since 2015. This SGB (Series IV) 2023-24 has the highest issue price to date:
FY 2023-24
The series prices for the financial year 2023-24 are given below.
| Series |
Month | Price per gram |
| Series 1 | Jun-23 | Rs 5,926 |
| Series 2 | Sep-23 | Rs 5,923 |
| Series 3 | Dec-23 | Rs 6,199 |
| Series 4 | Feb-24 | Rs 6,263 |
FY 2022-23
The series prices for the financial year 2022-23 are given below.
| Series |
Month |
Price per Gram |
| Series 1 | Jun-22 | Rs 5,091 |
| Series 2 | Aug-22 | Rs 5,197 |
| Series 3 | Dec-22 | Rs 5,409 |
| Series 4 | Mar-23 | Rs 5,611 |
FY 2021-22
The series prices for the financial year 2021-22 are given below.
| Series |
Month |
Price per Gram |
| Series 1 | May-21 | Rs 4,777 |
| Series 2 | May-21 | Rs 4,842 |
| Series 3 | Jun-21 | Rs 4,889 |
| Series 4 | Jul-21 | Rs 4,807 |
| Series 5 | Aug-21 | Rs 4,790 |
| Series 6 | Sep-21 | Rs 4,732 |
| Series 7 | Oct-21 | Rs 4,765 |
| Series 8 | Nov-21 | Rs 4,791 |
| Series 9 | Jan-22 | Rs 4,786 |
| Series 10 | Mar-22 | Rs 5,109 |
FY 2020-21
The series prices for the financial year 2020-21 are given below.
| Series |
Month |
Price per Gram |
| Series 1 | Apr-20 | Rs 4,639 |
| Series 2 | May-20 | Rs 4,590 |
| Series 3 | Jun-20 | Rs 4,677 |
| Series 4 | Jul-20 | Rs 4,852 |
| Series 5 | Aug-20 | Rs 5,334 |
| Series 6 | Sep-20 | Rs 5,117 |
| Series 7 | Oct-20 | Rs 5,051 |
| Series 8 | Nov-20 | Rs 5,177 |
| Series 9 | Dec-20 | Rs 5,000 |
| Series 10 | Jan-21 | Rs 5,104 |
| Series 11 | Feb-21 | Rs 4,912 |
| Series 12 | Mar-21 | Rs 4,662 |
ALSO READ | Sovereign Gold Bonds 2023-24 Series IV opens today: Check SGB tranche issue price, interest rate and other details
FY 2019-20
The series prices for the financial year 2019-20 are given below.
| Series |
Month |
Price per Gram |
| Series 1 | Jun-19 | Rs 3,196 |
| Series 2 | Jul-19 | Rs 3,443 |
| Series 3 | Aug-19 | Rs 3,499 |
| Series 4 | Sep-19 | Rs 3,890 |
| Series 5 | Oct-19 | Rs 3,788 |
| Series 6 | Oct-19 | Rs 3,835 |
| Series 7 | Dec-19 | Rs 3,795 |
| Series 8 | Jan-20 | Rs 4,016 |
| Series 9 | Feb-20 | Rs 4,070 |
| Series 10 | Mar-20 | Rs 4,260 |
FY 2018-19
The series prices for the financial year 2018-19 are given below.
| Series |
MonthPrice per Gram |
Price per Gram |
| Series 1 | Apr-18 | Rs 3,114 |
| Series 2 | Oct-18 | Rs 3,146 |
| Series 3 | Nov-18 | Rs 3,183 |
| Series 4 | Dec-18 | Rs 3,119 |
| Series 5 | Jan-19 | Rs 3,214 |
| Series 6 | Feb-19 | Rs 3,326 |
FY 2017-18
The series prices for the financial year 2017-18 are given below.
| Series |
Month |
Price per Gram |
| Series 1 | Apr-17 | Rs 2,951 |
| Series 2 | Jul-17 | Rs 2,830 |
| Series 3 | Oct-17 | Rs 2,956 |
| Series 4 | Oct-17 | Rs 2,987 |
| Series 5 | Oct-17 | Rs 2,971 |
| Series 6 | Oct-17 | Rs 2,945 |
| Series 7 | Nov-17 | Rs 2,934 |
| Series 8 | Nov-17 | Rs 2,961 |
| Series 9 | Nov-17 | Rs 2,964 |
| Series 10 | Nov-17 | Rs 2,961 |
| Series 11 | Dec-17 | Rs 2,952 |
| Series 12 | Dec-17 | Rs 2,890 |
| Series 13 | Dec-17 | Rs 2,866 |
| Series 14 | Dec-17 | Rs 2,881 |
FY 2016-17
The series prices for the financial year 2016-17 are given below.
| Series |
Month |
Price per Gram |
| Series 1 | Jul-16 | Rs 3,119 |
| Series 2 | Sep-16 | Rs 3,150 |
| Series 3 | Oct-16 | Rs 3,007 |
| Series 4 | Feb-17 | Rs 2,943 |
FY 2015-16
The series prices for the financial year 2015-16 are given below.
| Series |
Month |
Price per Gram |
| Series 1 | Nov-15 | Rs 2,684 |
| Series 2 | Jan-16 | Rs 2,600 |
| Series 3 | Mar-16 | Rs 2,916 |
Source: Financial Calculator India as quoted by ET
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