Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch

Record sale by value attributable to the high price of the metal in Indian markets.

The government sold sovereign gold bonds (SGBs) worth Rs 1,168 crore in the issue that opened in the second week of this month. This is the largest amount raised through the selling of SGBs since their launch in November 2015. 

The issue had opened for only one week.

The government has sold SGBs worth Rs 1,990 crore in April and May alone. In April, net investment in gold exchange-traded fund (ETF), another popular method, was Rs 731 crore. In the entire FY20, Rs 2,316 crore was raised through selling SGBs.

In the May issue, the SGB issue price was Rs 4,590 per gram.