New Sovereign Gold Bond tranche: Is SGB Series IV 2023-24 issue price highest ever offered?
The final tranche of Sovereign Gold Bonds (SGBs) for the 2023-24 series opened on February 12, 2024 for subscribers and will close on February 16, 2023.The allotment will be done on February 21, if the application is successful.Before the next fiscal year begins, the RBI will provide the list of SGB series for the following year.
Latest Sovereign Gold Bond tranche open for subscription: 5 ways to invest in SGB 2023-24 Series-IV
What is the issue price of latest SGB tranche?
Investors may purchase one-unit SGB (Series IV) 2023-24 for Rs 6,263, which is the price per gram. One unit of SGB equals one gram of gold. The RBI gives a discount of Rs 50 per gram to investors who apply online and pay for their applications digitally. .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:10px;font-weight:500;line-height:18px;} #sr_widget .sr_desc{margin:0 auto 0;} #sr_widget .sr_desc{color: #024d99;}Investors looking for twin engines of quality and growth.
"In terms of Government of India Notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated December 08, 2023, the Sovereign Gold Bond Scheme 2023-24 - Series IV will be open for subscription during February 12–16, 2024. The nominal value of the bond 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, i.e. February 07, February 08 and February 09, 2024 works out to Rs 6,263/- (Rupees Six thousand two hundred and sixty three only) per gram of gold. Government of India, in consultation with the Reserve Bank, has decided to offer a discount of Rs 50/- per gram less than the nominal value to those investors applying online and making the payment against the application through digital mode. For such investors, the issue price of Gold Bond will be Rs 6,213/- (Rupees Six thousand two hundred and thirteen only) per gram of gold," stated an RBI press release dated February 9. 2024.
Also read: Sovereign Gold Bonds 2023-24 Series IV opens on February 12: Know the latest SGB tranche issue price
Here is the list of SGB issued since the launch in 2015. So, this SGB (Series IV) 2023-24 is the highest issue price offered till date.
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. 6,199Series 4Feb-24Rs. 6,263
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.
SeriesMonthPrice 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. 2,916Source: Financialcalculatorindia
This story originally appeared on: India Times - Author:Faqs of Insurances
