For the Sovereign Gold Bonds (SGBs) 2023-24 Series III, the Reserve Bank of India set an issue price of $ 6,199 per gram. The price will be reduced by $ 50 per gram for online subscribers.
From December 18 through December 22, the subscription window for the Sovereign Gold Bonds (SGBs) 2023-24 Series III will open. These bonds are scheduled to be issued on December 28, 2023. Reserve Bank of India (RBI) announced the price for the tranche on Friday, December 15.
Price determination
A simple average closing price of gold of 999 purity is used as the basis for determining the price of SGBs, published by the India Bullion and Jewellers Association Ltd (IBJA) on the last three working days prior to the subscription period.
By RBI’s statement, the nominal value of a Gold Bond based on the simple average of every closing price between December 13-15 would be $2,499 per gram. For online subscribers, the issue price will be $2,149 per gram.
Buying SGBs
SGBs can be bought from these channels:
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Scheduled Commercial Banks: Except small finance banks, payment banks, and regional rural banks.
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Stock Holding Corporation of India (SHCIL)
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Clearing Corporation of India (CCIL)
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Designated Post Offices
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National Stock Exchange of India
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Bombay Stock Exchange
Gold and silver prices Today, December 16: Check latest rates in your city (newsd.in)
Investors can follow these steps when making an online purchase:
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Log in to your Net Banking account
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Please select ‘e-Service’ and ‘Sovereign Gold Bond’
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Please register (if you are a first-time investor)
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Review the RBI’s terms, input the details of the SGB scheme, and enter the information about the depository participant
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Please submit the registration form
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Input the subscription quantity, nominee information, and click on ‘Purchase’
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To complete the purchase, enter the OTP sent to the registered mobile phone
Although the subscription period has ended, SGBs can still be acquired on the secondary market after the subscription period has ended.
SGB returns
| FY22 and FY23 | Issue Date | Issue Price (₹) | Current Price (₹) | Returns |
| 2021-22, Series I | May 25, 2021 | 4,777 | 5,926 | 24.05% |
| 2021-22, Series II | June 1, 2021 | 4,842 | 5,926 | 22.39% |
| 2021-22, Series III | June 8, 2021 | 4,889 | 5,926 | 21.21% |
| 2021-22, Series IV | July 20, 2021 | 4,807 | 5,926 | 23.28% |
| 2021-22, Series V | August 17, 2021 | 4,790 | 5,926 | 23.72% |
| 2021-22, Series VI | September 7, 2021 | 4,732 | 5,926 | 25.23% |
| 2021-22, Series VII | November 2, 2021 | 4,761 | 5,926 | 24.47% |
| 2021-22, Series VIII | December 7, 2021 | 4,791 | 5,926 | 23.69% |
| 2021-22, Series IX | January 18, 2022 | 4,786 | 5,926 | 23.82% |
| 2021-22, Series X | March 8, 2022 | 5,109 | 5,926 | 15.99% |
| 2022-23, Series I | June 28, 2022 | 5,091 | 5,926 | 16.40% |
| 2022-23, Series II | August 30, 2022 | 5,197 | 5,926 | 14.03% |
| 2022-23, Series III | December 27, 2022 | 5,409 | 5,926 | 9.56% |
| 2022-23, Series IV | March 14, 2023 | 5,611 | 5,926 | 5.61% |
