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Sovereign Gold Bonds issue opens on Monday: Key things to know

All you need to know before investing in SGBs

The Finance Ministry on Thursday said that The Reserve Bank of India, in consultation with the Government of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series II. Here is all you need to know before investing –

– Sovereign gold bonds (SGBs) worth Rs 5,400 crore have been issued in eight tranches till date.
– The gold monetisation scheme launched by Prime Minister Narendra Modi in November 2015 was aimed at luring tonnes of the precious metal from Indian households into the banking system.
– Investors in these bonds, launched in November 2015, have been provided with the option of holding them in physical or dematerialised form.
– The scheme is aimed at unlocking 20,000 tonnes of the precious metal lying idle in households and temples, whose worth is estimated at around $800 billion.
Applications for the bond issue will be accepted from Monday, July 10, till Friday, July 14, 2017. The bonds will be issued on July 28, 2017.


The bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices, and recognised Stock Exchanges – National Stock Exchange of India and BSE.

Interest rate:

2.50 per cent p.a. payable semi-annually on the nominal value.

Issue price:
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 for the week (Monday to Friday) preceding the subscription period. The issue price of the Gold bonds will be Rs 50 per gram less than the nominal value.


Restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable Institutions.