How to buy Sovereign Gold Bonds (SGB)

[nayatrader]

HI,

I could not buy SGB via https://zerodha.com/gold/ as I was short on cash.

Could anyone please advise when/how can I buy this?

Looking forward to buy some SGBs in demat form.

Thanks in advance!
Sagar

[Bhuvan]

@nayatrader

Could anyone please advise when/how can I buy this?

The last issue of Gold Bonds closed on July 14th and you will have to wait until the next issue opens. Though Gold bonds are allowed to trade in the secondary market you won’t be able to buy them due to the restriction on inter-depository transfers. Read this post for more:

Why I am unable to buy SGB in Zerodha

Sovereign Gold Bond is now tradable on nse except last tranche. There is enough volume in SGB Aug24 & Sep24. However I am not able to buy the same in Zerodha inspite having Demat account. When contacted customer care they are saying you cannot trade SGB. Then why it is listed on exchanges and if trading is happening daily, who is involved in trading. Kindly explain how I can buy SGB from nse.

[astuter]

Hi @Bhuvan,

I am allocated some units for recently 1st January’s tranche. How long does it takes to reflect in demat account holding?

[PratikThakkarCO]

Hello @siva @VenuMadhav!
What are the PROS / CONS of buying SGB from secondary market? Except for waiting for the next tranche to open in primary market? WIll appreciate your input on this.
Also - if I want to buy from secondary market - which one to buy? There are about 22 listed SGB series. The one which is most liquid is it?

[siva]

@PratikThakkarCO

What are the PROS / CONS of buying SGB from secondary market? Except for waiting for the next tranche to open in primary market? WIll appreciate your input on this.

Liquidity and knowing price are two most important things to know before placing orders in sgb.

@PratikThakkarCO

Also - if I want to buy from secondary market - which one to buy? There are about 22 listed SGB series. The one which is most liquid is it?

No recommendations from our end, as a user you have to do some work around it and choose one.

[PratikThakkarCO]

@siva

Liquidity and knowing price are two most important things to know before placing orders in sgb.

Thank you for prompt reply. My doubt is - whether I should buy now from secondary market OR wait for the next issue. Does it make any difference?

@siva

No recommendations from our end, as a user you have to do some work around it and choose one.

Noted. Could you guide on what to look for? except for liquidity and price? Thanks!