SGB Object Reference
Complete reference for the SGB (Sovereign Gold Bond) object returned by the IPO Guruji API.
The SGB object represents a Sovereign Gold Bond issued by the Reserve Bank of India (RBI) on behalf of the Government of India. SGBs are government securities denominated in grams of gold and are a substitute for holding physical gold. SGB endpoints are available on Basic, Pro, and Enterprise plans.
Basic PlanPro PlanEnterprise Plan
Example Response
{
"id": "sgb_2024_s1",
"seriesName": "Sovereign Gold Bond 2023-24 Series IV",
"tranche": "2023-24 Series IV",
"issueDate": "2024-02-12T00:00:00.000Z",
"closeDate": "2024-02-16T00:00:00.000Z",
"dateOfIssuance": "2024-02-21T00:00:00.000Z",
"issuePrice": 6263,
"nominal": 6263,
"interestRate": 2.5,
"maturityPeriod": 8,
"prematureRedemption": 5,
"listingExchange": "NSE",
"status": "CLOSED"
}Core Fields
| Field | Type | Description | Example |
|---|---|---|---|
id | string | Unique identifier for the SGB record. | "sgb_2024_s1" |
seriesName | string | Official series name of the Sovereign Gold Bond as designated by RBI. | "Sovereign Gold Bond 2023-24 Series IV" |
tranche | string | Tranche identifier within the financial year. RBI issues multiple tranches per year. | "2023-24 Series IV" |
status | string | Current status of the SGB issue. | "CLOSED" |
status enum values
| Value | Description |
|---|---|
UPCOMING | SGB tranche has been announced but subscription period has not yet started. |
OPEN | SGB subscription is currently open for applications. |
CLOSED | SGB subscription period has ended. |
Dates
| Field | Type | Description | Example |
|---|---|---|---|
issueDate | string | Date when the SGB subscription opens, in ISO 8601 format. | "2024-02-12T00:00:00.000Z" |
closeDate | string | Last date for SGB subscription, in ISO 8601 format. | "2024-02-16T00:00:00.000Z" |
dateOfIssuance | string | Date when the bonds are actually issued and credited to demat accounts. | "2024-02-21T00:00:00.000Z" |
Pricing
| Field | Type | Description | Example |
|---|---|---|---|
issuePrice | number | Issue price per gram of gold in INR. Set by RBI based on the simple average of the closing price of gold of 999 purity of the last 3 working days of the week preceding the subscription period. | 6263 |
nominal | number | Nominal value per gram of gold in INR. This is the base reference price before any applicable discount for online applications. | 6263 |
Terms
| Field | Type | Description | Example |
|---|---|---|---|
interestRate | number | Fixed annual interest rate paid semi-annually on the nominal value. Currently fixed at 2.5% per annum by the Government of India. | 2.5 |
maturityPeriod | number | Total maturity period in years. SGBs have a standard maturity of 8 years. | 8 |
prematureRedemption | number | Minimum holding period in years before premature redemption is allowed. Early exit is permitted after 5 years on interest payment dates. | 5 |
Listing
| Field | Type | Description | Example |
|---|---|---|---|
listingExchange | string | null | Stock exchange where the SGB is listed for secondary market trading. Listed within 2 weeks of issuance. | "NSE" |
SGB Key Facts
Issued by RBI on behalf of Government of India
Fixed 2.5% annual interest paid semi-annually
8-year maturity with exit option after 5 years
Capital gains tax exempt if held until maturity
Tradeable on stock exchanges after listing
Minimum investment: 1 gram of gold
Notes
- SGB data is sourced from RBI and updated daily at 8 AM IST.
- The issue price includes a discount of INR 50 per gram for investors applying online and paying through digital mode.
- Maximum investment limit is 4 kg for individuals and HUFs, and 20 kg for trusts per financial year.
- All date fields use ISO 8601 format in UTC timezone.
- Prices are in Indian Rupees (INR) per gram of gold.