The total tenure of SGB is 8 years, but if investors wish, they can also redeem it before time on certain dates after 5 years ...
Sovereign Gold Bonds (SGBs) have an 8-year tenure with a 5-year lock-in period. Investors can request premature redemption ...
RBI set the price for the final redemption of SGB 2016-17 Series IV at Rs 8,624 per gram on March 17, 2025, nearly 193% higher than its issue price of Rs 2,943 per gram. Investors holding SGB 2019-20 ...
In a recent written reply to parliament, the government declared that the government would need to pay a total of Rs 67,322 ...
To manage the rising liability, the government has been depositing money into a Gold Reserve Fund (GRF), which acts as a ...
The Reserve Bank of India (RBI) currently holds 879 tonnes of gold, which is 11.5% of its total foreign exchange reserves—the ...
The government discontinued the scheme due to rising liabilities related to payouts. According to RBI data, the government raised ₹72,274 crore through SGBs, but total redemptions—at current gold ...
The RBI has announced the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV at Rs 8,634 per gram. Issued in March 2017 at Rs 2,943 per gram, investors earned a 193% return ...
Sovereign Gold Bond prices surge on NSE as government halts fresh issuances, driving investor interest amid rising gold ...
In the first-ever SGB redemption on August 5, 2024 (issued on August 10, 2016) the RBI bought back 3.75 tonne and another 3.6 tonne on September 23, 2024, in the second tranche. In the third ...
This will be available for subscription until March 10. The RBI has set the issue price of SGB at ₹5,611 per gram in comparison to an issue price of ₹5,409 per gram priced in December 2022.
The Ministry cited evolving market conditions and performance of the scheme while announcing the discontinuation.