Indian Economy News

Government has introduced 33 tranches of Sovereign Gold Bonds

  • IBEF
  • December 10, 2019

The Government Sovereign Gold Bonds (SGB) Scheme was introduced in November 2015. SGBs are provided as a substitute for physical gold to investors.

This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.

There have been 33 tranches since the introduction of SGB. Details are provided in the Table below:
(till Oct. 2019)

Financial Year Tranches Units (in grams) Units (in kg)
2015-16 3 4903285 4903.29
2016-17 4 11387765 11387.77
2017-18 14 6524691 6524.69
2018-19 6 2030873 2030.87
2019-20 6 3797451 3797.45
TOTAL 33 28644065 28644.07


Shri Thakur also gave a year-wise detail of response of SGB Scheme from North East is given in the Table below:

Financial Year Tranches Units (in grams) Units (in kg)
2015-16 3 1977 1.98
2016-17 4 2849 2.85
2017-18 14 599 0.60
2018-19 6 204 0.20
2019-20 6 78 0.08
TOTAL 33 5707 5.71

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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