Latest Sovereign Gold Bond (SGB) tranche issue price is the highest since launch in 2015
The government has issued the latest Sovereign Gold Bond series III 2023-24, the Reserve Bank of India (RBI) has kept the settlement date of this tranche of Sovereign Gold Bond Scheme 2023-24 Series as December 22, 2023. The issue price is set at Rs 6,199/- (Rupees Six thousand one hundred and ninety nine only) per gram of gold.Let us see how the SGB issue price has evolved since the first SGB tranche was launched and which one had the highest issue price till now.
Applying for the new Sovereign Gold Bond (SGB) tranche? Here are 15 things you should know
How the SGB issue price is set
The issue price of the latest SGB is set at Rs 5,926 per gram, which is 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.First issue price
The RBI said that the price for the final redemption, which is based on the simple average closing price of gold for the week of November 20–24, 2023, will be Rs 6,132 per unit of SGB. Not that the first SGB tranche was distributed in 2015 at a cost of Rs 2,684 per gram.
It matured on November 30, if they had stayed invested full term their returns would have grown at a CAGR of 10.88%. Additionally, the bonds yielded interest at a 2.75% annual rate.
FY 2023-24
The series prices for the financial year 2023-24 are given below.
SeriesMonthPrice per GramSeries 1Jun-23Rs. 5,926Series 2Sep-23Rs. 5,923Series 3Dec-23Rs. 6,199
FY 2022-23
The series prices for the financial year 2022-23 are given below.
SeriesMonthPrice per GramSeries 1Jun-22Rs. 5,091Series 2Aug-22Rs. 5,197Series 3Dec-22Rs. 5,409Series 4Mar-23Rs. 5,611
FY 2021-22
The series prices for the financial year 2021-22 are given below.
SeriesMonthPrice per GramSeries 1May-21Rs. 4,777Series 2May-21Rs. 4,842Series 3Jun-21Rs. 4,889Series 4Jul-21Rs. 4,807Series 5Aug-21Rs. 4,790Series 6Sep-21Rs. 4,732Series 7Oct-21Rs. 4,765Series 8Nov-21Rs. 4,791Series 9Jan-22Rs. 4,786Series 10Mar-22Rs. 5,109
FY 2020-21
The series prices for the financial year 2020-21 are given below.
SeriesMonthPrice per GramSeries 1Apr-20Rs. 4,639Series 2May-20Rs. 4,590Series 3Jun-20Rs. 4,677Series 4Jul-20Rs. 4,852Series 5Aug-20Rs. 5,334Series 6Sep-20Rs. 5,117Series 7Oct-20Rs. 5,051Series 8Nov-20Rs. 5,177Series 9Dec-20Rs. 5,000Series 10Jan-21Rs. 5,104Series 11Feb-21Rs. 4,912Series 12Mar-21Rs. 4,662
FY 2019-20
The series prices for the financial year 2019-20 are given below.
SeriesMonthPrice per GramSeries 1Jun-19Rs. 3,196Series 2Jul-19Rs. 3,443Series 3Aug-19Rs. 3,499Series 4Sep-19Rs. 3,890Series 5Oct-19Rs. 3,788Series 6Oct-19Rs. 3,835Series 7Dec-19Rs. 3,795Series 8Jan-20Rs. 4,016Series 9Feb-20Rs. 4,070Series 10Mar-20Rs. 4,260
FY 2018-19
The series prices for the financial year 2018-19 are given below.
SeriesMonthPrice per GramSeries 1Apr-18Rs. 3,114Series 2Oct-18Rs. 3,146Series 3Nov-18Rs. 3,183Series 4Dec-18Rs. 3,119Series 5Jan-19Rs. 3,214Series 6Feb-19Rs. 3,326
FY 2017-18
The series prices for the financial year 2017-18 are given below.
Series
MonthPrice per GramSeries 1Apr-17Rs. 2,951Series 2Jul-17Rs. 2,830Series 3Oct-17Rs. 2,956Series 4Oct-17Rs. 2,987Series 5Oct-17Rs. 2,971Series 6Oct-17Rs. 2,945Series 7Nov-17Rs. 2,934Series 8Nov-17Rs. 2,961Series 9Nov-17Rs. 2,964Series 10Nov-17Rs. 2,961Series 11Dec-17Rs. 2,952Series 12Dec-17Rs. 2,890Series 13Dec-17Rs. 2,866Series 14Dec-17Rs. 2,881
FY 2016-17
The series prices for the financial year 2016-17 are given below.
SeriesMonthPrice per GramSeries 1Jul-16Rs. 3,119Series 2Sep-16Rs. 3,150Series 3Oct-16Rs. 3,007Series 4Feb-17Rs. 2,943
FY 2015-16
The series prices for the financial year 2015-16 are given below.
SeriesMonthPrice per GramSeries 1Nov-15Rs. 2,684Series 2Jan-16Rs. 2,600Series 3Mar-16Rs. 2,916
Source: Financialcalculatorindia websiteConnect with Experts - Wealth creation made easy
This story originally appeared on: India Times - Author:Faqs of Insurances
