Quick answer: There is no upcoming Sovereign Gold Bond issue; the last tranche was SGB 2023-24 Series IV in February 2024. You can still buy existing series on NSE and BSE, but from 1 April 2026 gains at maturity are tax-free only for individuals who subscribed at the original issue and held to maturity.
There is no upcoming Sovereign Gold Bond issue. The government has not issued a new SGB tranche since February 2024, when SGB 2023-24 Series IV was sold at ₹6,263 a gram (₹6,213 online). No issue calendar has been announced for FY 2026-27.
What continues is the life of existing bonds:
- Premature redemption: on interest dates from the fifth year. On 19 October 2026 the price was ₹14,614 per unit.
- Maturity: after eight years. SGB 2018-19 Series II matured on 23 October 2026 at ₹14,425 per unit.
- Trading: on NSE and BSE.
The tax rules also changed from 1 April 2026: tax-free redemption at maturity is now only for original subscribers.
Sovereign Gold Bond status in October 2026
| New issues | None since SGB 2023-24 Series IV (subscription 12–16 February 2024) |
|---|---|
| Last issue price | ₹6,263 per gram; ₹6,213 for online applicants |
| FY 2026-27 calendar | Not announced |
| Ways to buy now | Only on the stock exchanges (NSE, BSE), through a demat account |
| Latest premature redemption | 19 October 2026, SGB 2020-21 Series VII, ₹14,614 per unit |
| Latest maturity | 23 October 2026, SGB 2018-19 Series II, ₹14,425 per unit |
| Interest | 2.5% a year on the issue price, paid half-yearly until redemption |
Many websites, including an earlier version of this page, listed "upcoming tranches" for August 2024 and later. Those tranches never happened.
Is a new SGB issue coming?
Nothing has been announced. The RBI issues SGBs on behalf of the Government of India only when the government notifies a new tranche. The government has not done so since February 2024, and there is no calendar for FY 2026-27.
If a new issue is ever announced, it will appear as a Government of India notification and an RBI press release, with the issue price and subscription dates. Until then, be wary of anyone selling "new SGB" subscriptions.
How to buy SGBs now: the secondary market
You can still buy existing SGB series on NSE or BSE through a demat and trading account. Each series trades under its own symbol. Points to check before buying:
- Price vs gold: series can trade above or below the current gold price, and some series trade only thinly.
- Interest: you receive 2.5% a year calculated on that series' original issue price, not on what you paid.
- Tax: since 1 April 2026, bonds bought on the exchange are no longer tax-free at maturity (see below).
Premature redemption and maturity
- Tenure: eight years from issue.
- Early exit: allowed after the fifth year, only on an interest payment date. Apply through the bank, post office or agent where you hold the bond, within the RBI's window before that date.
- Redemption price: the simple average of the closing price of 999-purity gold for the three business days before the redemption date, as published by the India Bullion and Jewellers Association (IBJA).
- Calendar: the RBI publishes premature redemption dates every half year. It has released the schedule for October 2026 to March 2027.
Example: SGB 2020-21 Series VII was issued on 20 October 2020 at ₹5,051 a gram (₹5,001 for online applicants). Its premature redemption on 19 October 2026 was priced at ₹14,614, a gain of about 189%, or 192% for online applicants, before counting interest (Outlook Money). SGB 2018-19 Series II, issued at ₹3,146 (₹3,096 online), matured at ₹14,425, a gain of about 359%.
Gold bonds bought in 2018 and 2020 have roughly tripled to quadrupled in value
Issue price and October 2026 redemption price per gram, ₹
Source: Outlook Money and Outlook Money, from RBI's redemption price announcements
Tax on Sovereign Gold Bonds from 1 April 2026
| Situation | Capital gains |
|---|---|
| Bought at original issue, held continuously until maturity | Exempt |
| Bought on the stock exchange, held until maturity | Taxable (no longer exempt from 1 April 2026) |
| Sold on the stock exchange | Taxable; long-term at 12.5% if held more than 12 months, otherwise at slab rates |
| Premature redemption through the RBI after five years | See the note below |
The change: Budget 2026 amended Section 70(1)(x) of the Income-tax Act, 2025 to limit the capital gains exemption to bonds subscribed to by an individual at the original issue and held continuously until redemption on maturity (Taxmann). It applies from 1 April 2026. Selling an originally allotted bond and buying it back later loses the exemption.
Premature redemption: early redemption through the RBI was earlier treated as tax-free. The new wording refers only to redemption on maturity, and several tax commentators, including ClearTax, read it as making early-redemption gains taxable. Confirm your case with a tax adviser before you file.
Interest: the 2.5% interest is taxable every year at your slab rate. No TDS is deducted on it, so report it in your return yourself. The income tax calculator shows the tax at your slab.
Key features of the SGB scheme
- Issuer: RBI, on behalf of the Government of India, so the bonds carry sovereign backing (RBI FAQs).
- Unit: one gram of gold; the minimum was one unit.
- Limits per financial year: 4 kg for individuals and HUFs, and 20 kg for trusts and similar entities, at the time of subscription.
- Interest: 2.5% a year on the issue price, paid half-yearly.
- Tenure: eight years, with an exit option from the fifth year.
- Uses: can be used as collateral for loans.
To estimate what an SGB holding is worth at today's gold price, including the interest you have received, use the Sovereign Gold Bond calculator.
Frequently asked questions
When is the next Sovereign Gold Bond issue?
No new issue has been announced. The last tranche was SGB 2023-24 Series IV in February 2024, and there is no calendar for FY 2026-27.
Can I still buy Sovereign Gold Bonds?
Only on the stock exchanges (NSE and BSE), through a demat account. Bonds bought this way are no longer tax-free at maturity from 1 April 2026.
What was the SGB redemption price in October 2026?
₹14,614 per unit for the premature redemption of SGB 2020-21 Series VII on 19 October 2026, and ₹14,425 per unit for the maturity of SGB 2018-19 Series II on 23 October 2026.
Is SGB still tax-free at maturity?
Yes, but only for an individual who subscribed at the original issue and held the bond continuously until maturity. Bonds bought on the stock exchange no longer get the exemption.
How is the SGB redemption price calculated?
As the simple average of IBJA's closing price for 999-purity gold over the three business days before the redemption date.
Is the interest on SGB taxable?
Yes. The 2.5% interest is taxed at your slab rate every year, and no TDS is deducted on it.
Status and prices as of 23 October 2026. Check RBI press releases for new redemption prices and any future issue. This is general information, not investment or tax advice.