Why invest in Sovereign Gold Bonds?



Gold market value + fixed 2.5%
interest per year


Government guarantee
on principal & interest


Tradable on exchange. 8 years
tenure and exit options in 5,6,7 years


Get loans by offering SGB
as collateral

Indexation Benefit

Given on long term capital
gains at bond transfer

Tax Benefits

Exempt from capital gains
tax on maturity and no TDS on interest

*Please consult your Tax consultant for Taxation purposes.
Sovereign Gold Bonds are issued by RBI on behalf of Govt. of India

Comparison among Sovereign
Gold Bonds, Physical Gold, ETF

SGB Physical Gold ETF
Sovereign Guarantee Yes No No
Fixed Regular income Yes through interest payment every six months Not available Not available
Capital Appreciation /Decline as per gold prices Yes Yes Yes
Annual Fund management fee Nil Nil Yes
Purity of gold High Not assured High
Storage Cost Nil High locker charges Nil
Making charges Nil High Nil
Full value for quantity held on selling Yes Not assured, deductions possible Yes
Tax Benefit No tax on capital gains on maturity Long term capital gains tax applicable Long term capital gains tax applicable
Indexation benefit if sold after 3 years Yes Yes Yes

Exhibit 1: Gold investment has historically protected against inflation

SGB average issue price has risen by 12% p.a. over FY16-21. Thus gold comfortably beats inflation while offering attractive capital gains! SGB gives 2.5% more.


Bonds will be issued in four Tranches from October 2021 to March 2022 as per the calendar specified below:

Sr. No. Tranche Date of Subscription Date of Issuance
1 2021 - 22 Series VII October 25 - 29, 2021 November 02, 2021
2 2021 - 22 Series VIII November 29 - December 03, 2021 December 07, 2021
3 2021 - 22 Series IX January 10 - 14, 2022 January 18, 2022
4 2021 - 22 Series X February 28 - March 04, 2022 March 08, 2022
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To Apply Online

TT Web IIFL Markets
  • Click here to open Trader Terminal (TT)
  • Log into TTWeb
  • Go to 'Markets' section & click on IPO/NFO/FPO/Bonds
  • Login to IIFL Markets
  • Go to ‘ IPO’ section and click on bonds section

If you are not a client of IIFL Securities,

Click here to open a Demat Account

Issuance of Sovereign Gold Bond Scheme2021-2022 (Series-VII) by RBI:

Security Symbol SGB212205
Issue serial number GB
Issue Price for Online Mode Rs. 4,711/- Per Gram (For investors applying online and the payment against the application is made through digital mode)
Issue Price for Other Mode Rs. 4,761/- Per Gram
Issue Period October 25, 2021 to October 29, 2021
Bidding Session Time 10.00 A.M. to 5.00 P.M.
Minimum Bid Quantity 1 (gram)
Maximum Bid Quantity 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.

*If you apply through online mode you get a ` 50/- discount.
(*) The Maximum Limit subscribed per fiscal year (Apr-Mar) shall be notified by the Government from time to time.
Annual ceiling include bonds subscribed under different tranches during initial issuance by Government and those purchased from the secondary market.

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For Frequently Asked Questions (FAQs) link issued by
RBI for more clarity, click here.