SGB 2018-19-Series-I from April 16 to 20

The ​Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bond, 2018-19-Series-I. Applications for the bond will be accepted from 16th to 20th April, 2018. The Certificate of Bond (s) will be issued on May 04, 2018.


The Bonds will be sold through ​B​anks, Stock Holding Corporation of India Limited (SHCIL), designated ​P​ost ​O​ffices and recognised ​S​tock ​Exchanges viz., National Stock Exchange of India Ltd and Bombay Stock Exchange, Ltd. The tenor of the Bond will be for a period of 8 years with exit option in 5th, 6th and 7th year, to be exercised on the interest payment dates.


Minimum permissible investment will be 1 gram of gold & The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. 


The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchase from the Secondary Market. In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.


Price of Bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited (IBJA) for the last 3 working days of the week preceding the subscription period.


The issue price of the Gold Bonds will be ` 50 per gram less for those who subscribe online and pay through digital mode. The redemption price will be in Indian Rupees based on simple average of closing price of gold of 999 purity of previous 3 working days published by IBJA.


  • SGB 2018-19-Series-I from April 16 to 20