Learn about the Sovereign Gold Bond 2017-18 Series I, its final redemption price, profits, and tax-free earnings in simple English.
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The Reserve Bank of India (RBI) shared the final price for the Sovereign Gold Bond (SGB) 2017-18 Series I. This bond was first sold in May 2017 and will end on May 9, 2025, after eight years.
Gold prices have gone up a lot, reaching Rs 1 lakh for 10 grams (24K) in some cities. This is great news for people who own this bond!
SGB 2017-18 Series I: Final Price
The RBI said on May 2, 2025, that the final price for the bond ending on May 9, 2025, is Rs 9,486 per unit. This price comes from the average gold price for April 28 to May 2, 2025. (May 1 was a holiday, and May 10-12 are non-working days.)
The final price is based on the average closing price of pure gold (999 purity) for three working days from the week before, as set by the India Bullion and Jewellers Association.
SGB 2017-18 Series I: Starting Price
In May 2017, the bond’s starting price was Rs 2,951 per gram. People who bought it online got a Rs 50 discount, so their price was Rs 2,901 per gram.
SGB 2017-18 Series I: How Much Money Did Investors Make?
The bond started at Rs 2,951 per gram in May 2017 and ends at Rs 9,486 per gram in May 2025. That’s a 221% profit over eight years, not counting interest.
Investors also earned 2.5% interest every year on their bond.
Tax-Free Earnings
The money you get when the bond ends is tax-free. For example, if you spent Rs 1,47,550 to buy 50 grams of gold at Rs 2,951 per gram, you’ll get Rs 4,74,300 at the end (at Rs 9,486 per gram). That’s a tax-free profit of Rs 3,26,750.
What Are Sovereign Gold Bonds?
Sovereign Gold Bonds (SGBs) are special bonds issued by the RBI for the Indian government. They are measured in grams of gold and are a way to invest in gold without owning physical gold. They also pay interest.
Common Questions About SGBs
If gold prices go down, you might lose money. But you won’t lose the amount of gold you paid for.
People living in India, as per the Foreign Exchange Management Act, 1999, can buy SGBs. This includes individuals, families (HUFs), trusts, universities, and charities. If someone moves abroad after buying, they can still keep the bond until it ends.
Yes, joint ownership is allowed.
Yes, but a parent or guardian must apply for them.
