SGB AnalyzerSGB AnalyzerThe price at which SGB is originally issued by RBI during subscription
The price at which SGB is originally issued by RBI during subscription
Issue Price is the price at which a Sovereign Gold Bond is originally offered during RBI's subscription period.
How issue price is determined: - Based on simple average of closing price of gold (999 purity) - Uses last 3 working days before subscription period - Published in India Bullion and Jewellers Association (IBJA) rates - Discount of ₹50/gram for online applications
Issue price significance: - Interest calculated on issue price (not market price) - Used for capital gains calculation - Different from market price in secondary market - Remains constant for that SGB series
Historical context: - Early SGBs (2015-16): Issue price around ₹2,600-3,000 - Recent SGBs (2023-24): Issue price around ₹5,500-6,500
Government securities denominated in grams of gold, issued by RBI on behalf of Government of India
The theoretical value of an SGB based on current gold price and time to maturity
India's central bank that issues Sovereign Gold Bonds on behalf of the government
The current market price of gold, typically quoted in INR per gram or per 10 grams