SGB Issue Dates 2023: When can you buy Sovereign Gold Bond from banks this year? financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The Indian government will issue two tranches of sovereign gold bonds during H1 2023-24. The bonds will be available for sale to resident individuals, HUFs, trusts, universities and charitable institutions, and will be denominated in multiples of grams of gold with a basic unit of one gram
The price of SGB will be fixed in Indian rupees on the basis of a simple average of the closing price of gold of 999 purity, published by the IBJA for the past three working days of the week preceding the subscription period
According to an RBI press release issued on June 14, 2023, the first tranche will be available for subscription from June 19-23 and second tranche will available from September 11-15.
The first tranche, 2023-24 Series I, will be issued from June 19 and continue till June 23. The second issue, 2023-24 Series II, will be issued between September 11 and 15, 2023, Reserve Bank of India (RBI) said in a statement.