Does this bond mature in July 2028?
Yes.
If yes, what happens at maturity, how do I receive the money? Will it be credited to my bank account, or does it work differently?
Credited to bank
I also have questions about pricing:
Right now, it is trading around ₹15,350–₹15,400.
What exactly am I buying at this price?
You’re buying a promise by GOI to give you the price of 1g of 999 Gold as per ibjarates.com based on last 3 working days before maturity and pay interest of 2.5% on issue price. GOI has the power to unilaterally revoke that promise.
What does this price represent?
The current combined faith of market participants in the ability of GOI to fulfill the said promise
How do I calculate how much gold (in grams) I am effectively buying?
0g. Price is linked to 1g of gold by GOI promise. There is no underlying gold that you’re buying.
And about returns:
How much interest will I earn on this SGB?
2.5% on “issue price”. Based on current price, it’ll be 1% or less
Is the interest paid separately, and how often?
Semi annually. Interest payment dates for Sovereign Gold Bonds (SGBs)
Finally, taxation:
If I sell it on the exchange before maturity, how much tax will I have to pay?
Actual LTCG/STCG rates
How is the tax different if I hold it until maturity?
From 1 Apr 2026: No difference. Only if you buy directly from RBI upon first issue and hold till maturity, you’ll get tax free redemption.
Before 1Apr 2026: If redeemed with RBI, no tax, regardless of where you bought it.
Also try https://sgb.vercel.app/