The numbers that matter.
Secondary-market close, day by day.
How a Sovereign Gold Bond actually works.
Issuance: The Reserve Bank of India, on behalf of the Government of India, issues SGB tranches in discrete windows. Each bond is denominated in grams of gold; the issue price is the average closing price of 999-purity gold for the week preceding the subscription window, minus a ₹50/g discount for online subscribers.
Income: The Government pays a fixed 2.50% per annum on the original face value, credited semi-annually. This interest is taxable as "income from other sources" at your slab rate.
Liquidity: Tradable on NSE and BSE from issue. An RBI buy-back window opens from year 5 onwards (semi-annually on coupon dates). Otherwise, exit is via secondary market.
Maturity: At year 8, you are paid the simple average closing price of gold over the preceding week. This capital gain at maturity is fully exempt from tax for individual investors — the single biggest reason MintByte favours SGBs over gold ETFs / FoFs / physical gold for the gold sleeve of long-horizon portfolios.
Risk: Gold price risk (your principal moves with gold), and theoretical sovereign risk (negligible in practice). There is no expense ratio and no storage cost.
Everything we know about this tranche.
ETF NAVs, tracking error and AUM are computed from AMFI disclosures. ETFs are subject to market risk and tracking-error risk. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.