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

 

Sovereign Gold Bonds scheme expanded as a substitute for physical gold, with multiple tranches issued and regional uptake varying. The Sovereign Gold Bonds scheme, introduced in November 2015 as a substitute for physical gold, has been issued in successive tranches with cumulative subscription volumes set out by financial year. The record provides tranche counts and aggregate weights of units issued nationally and separately for the North East, showing total issuance and comparatively low regional uptake.