Sovereign Gold Bond Scheme 2024-25: Series 4 Open Now, Check Issue Date

Sovereign Gold Bond Scheme 2024-25 Next Date in India, Get to Know all about Sovereign Gold Bond Scheme Here – In November 2015, the Government of India introduced the Sovereign Gold Bond Scheme as a new way to invest in gold without physically owning it. Due to a decrease in demand for physical gold in recent years, SGBs emerged as a viable option. These bonds not only reflect the value of gold but also ensure transparency in transactions as they are government-backed securities. In today’s article, we are going to provide you with all the important information related to the Sovereign Gold Bond Scheme 2024-25. [Also Read – CBSE Training Portal Free Registration: Teachers Login, Certificate Download]

Sovereign Gold Bond Scheme 2024-25

The Reserve Bank of India manages the issuance of sovereign gold bonds on behalf of the Government of India. Starting today, customers can enroll for the upcoming tranche of Sovereign Gold Bond Scheme. Subscription for the latest Sovereign Gold Bond (SGB) 2023-24 Series IV will be open until February 16, 2024. Investors who apply online and make payments electronically will receive a discount of Rs 50 per gram, reducing the issue price to Rs 6,213. Under Sovereign Gold Bond Scheme 2024-25 will be available for purchase at various outlets, including stock exchanges, post offices, and scheduled commercial banks. [Also Read – Bharat Rice Online Booking at NCCF, NAFED & Kendriya Bhandar Website]

Sovereign Gold Bond Scheme

Overview of Sovereign Gold Bond Scheme

Scheme NameSovereign Gold Bond Scheme
Started ByBy the reserve bank of india
BeneficiaryReserve Bank of India customers
Apply ProcedureOnline
ObjectiveProviding online discounts to customers
BenefitsOnline discounts will be made available to customers
CategoryCentral Government Schemes
Official Website

Important Dates Regarding Sovereign Gold Bond Scheme Series 4

Below, you’ll find a detailed and comprehensive table outlining the important dates and milestones associated with the scheme: – 

Membership DateFebruary 12 – February 16, 2024
Release Date21 February 2024

Price of Series 4 in Sovereign Gold Bond Scheme 2024-25

Starting today, February 12th, subscriptions for Sovereign Gold Bond (SGB) 2023-24, also known as Series IV, are open at a rate of ₹6,263 per gram. Additionally, the government has introduced certain relaxations for online applicants of the Sovereign Gold Bond Scheme. [Also Read – Agneepath Scheme: Apply Online, Agniveer Army Recruitment Eligibility, Full Details]

Sovereign Gold Bond Price History

The detailed and comprehensive price history of SGB for the financial year 2023-24 is provided below:

SeriesMonthPrice per Gram
Series 1June 2023Rs. 5,926
Series 2September 2023Rs. 5,923 
Series 3December 2023Rs. 6,199 

The complete price history and fluctuations of Sovereign Gold Bonds (SGB) for the fiscal year 2022-2023 are detailed as follows:

SeriesMonthPrice per Gram
Series 1June 2022Rs. 5,041
Series 2August 2022Rs. 5,091
Series 3December 2022Rs. 5,409
Series 4March 2023Rs. 5,611

The comprehensive and detailed price trajectory of Sovereign Gold Bonds (SGB) for the fiscal year 2021-22 is outlined as follows:

SeriesMonthPrice per Gram
Series 1May 2021Rs. 4,777
Series 2May 2021Rs. 4,842
Series 3June 2021Rs. 4,889
Series 4July 2021Rs. 4,807
Series 5August 2021Rs. 4,790
Series 6September 2021Rs. 4,732
Series 7October 2021Rs. 4,765
Series 8November 2021Rs. 4,791
Series 9January 2022Rs. 4,786
Series 10March 2022Rs. 5,109

Sovereign Gold Bond Taxation

This rule covers the profits you make when you cash in your Sovereign Gold Bond, whether it’s after the initial 8-year term or if you redeem it early after 5 years. The Sovereign Gold Bond runs for 8 years, but you have the choice to redeem it early after 5 years. The interest, set at a fixed 2.50% annually, is fully taxed. However, the profits you gain from redeeming the bond are entirely tax-free. This means any gains you get when you cash in your Sovereign Gold Bond won’t be taxed. [Also Read – Registration: Apply for PM Surya Ghar Muft Bijli Yojana]

Benefits and Features of Sovereign Gold Bond Scheme

  • Any Indian resident, including individuals, trusts, Hindu Undivided Families (HUFs), charitable institutions, and universities, irrespective of their financial status, is eligible to invest in Sovereign Gold Bond Scheme 2024-25.
  • Investments can also be made on behalf of a minor, providing a lucrative option for securing their future.
  • The issuance of SGBs is exclusively authorized by the Reserve Bank of India (RBI) on behalf of the central government, ensuring credibility and trustworthiness. These bonds are readily tradable on major stock exchanges, enhancing liquidity and accessibility for investors.
  • Sovereign Gold Bonds are available in denominations of one gram of gold, allowing investors the flexibility to tailor their investments according to their financial capabilities and preferences. Upon investment, investors receive a comprehensive holding certificate, documenting their ownership of the bond.
  • Investors have the option to convert their physical Sovereign Gold Bonds into dematerialized (demat) form, streamlining the management and transfer of their investments.
  • The stringent Know Your Customer (KYC) norms, akin to those observed during physical gold purchases, must be adhered to when investing in SGBs. This ensures the integrity and security of the investment process.
  • KYC requirements necessitate the submission of copies of identity proof such as the PAN card and address proof such as passport, driving license, or voter ID card for meticulous verification.
  • While the interest earned on Sovereign Gold Bond Scheme is subject to taxation in accordance with the provisions of the Income Tax Act, 1961, investors enjoy exemptions from capital gains tax upon redemption, offering a favorable investment proposition.
  • Furthermore, investors can benefit from long-term capital gains by leveraging indexation benefits or facilitating the transfer of the bond from one individual to another, thereby maximizing returns and enhancing investment value.

Eligibility for Exemption?

Whether you bought your SGB directly or from the secondary market, you’re entitled to the rebate. However, this redemption exception is exclusively for individuals; other businesses investing in SGBs aren’t eligible. If you sell or transfer the bonds, the sale proceeds are taxed either as long-term or short-term gains, depending on how long you held them. You have the choice to index capital gains or pay a flat 10% tax on earnings. 

Furthermore, you can claim exemption under Section 54F by reinvesting long-term gains in residential property within the permitted time frame. SGBs need to be held for at least 12 months to qualify as long-term assets. If you sell or transfer the asset after a year, you can claim indexation benefits while calculating taxable long-term gains.

Issue Price of SGB 2023-24 Series IV

The price of SGB 2023-24 Series IV is Rs 6,263. However, if you make an online payment, you’ll get a discount of Rs 50, making the issue price Rs 6,213. The bond’s nominal value is determined by averaging the closing price of 999 purity gold over the last three working days of the subscription period and the preceding week. According to the India Bullion and Jewelers Association Limited (IBJA), the price of gold per gram is Rs 6,263. 

The Government of India, after consulting with the Reserve Bank, has decided to provide a rebate of Rs 50 per gram to investors who apply online and pay online. This means the issue price for these investors will be Rs 6,213 per gram of gold, as stated in an RBI news release.

How to Buy Gold Bonds Online under Sovereign Gold Bond Scheme

To apply for Sovereign Gold Bond Scheme 2024-25, individuals have various options. They can apply through their banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognized stock exchanges like the Bombay Stock Exchange and National Stock Exchange of India Limited. 

They can apply directly or through agents. Moreover, purchasing SGBs online is also possible through the websites of authorized commercial banks. Below is the procedure for buying SGBs through a bank’s online portal:

  • First of all you have to log in to the internet banking account of the bank, after that you have to click on the ‘e-service’ option.
  • Now you have to select the option of ‘Sovereign Gold Bond’, read the terms and conditions and click on the ‘Proceed’ option.
  • After this you have to fill the registration form, now you have to click on the submit option, in the purchase form, enter the nominee details and subscription quantity.
  • After verifying all the details, click on ‘Submit’ option, by following this process you can buy Sovereign Gold Bond online.


What is the interest rate for Sovereign Gold Bonds?
In the current series, investors receive a fixed interest rate of 2.5% per year, paid twice a year on the nominal value. The interest earned remains constant regardless of any changes in the Gold Bond’s value.

How much discount is available on Sovereign Gold Bond?
Investors who register online and pay digitally can avail a rebate of Rs 50 from the Reserve Bank of India (RBI). Consequently, these investors will pay Rs 6,213 per unit or per gram of gold as the issue price of the gold bonds.

What exactly is a Sovereign Gold Bond?
The bond has an eight-year tenure, with an option to exit in the fifth year, which can be exercised on interest payment dates. Under the GS Act of 2006, Government of India stock will be utilized to issue gold bonds. Investors will receive holding certificates for this purpose, and they can convert the bonds into demat form.

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