India, Feb. 1 -- Union Finance Minister Nirmala Sitharaman on Sunday announced in her Budget 2026 speech that an exemption from capital gains for Sovereign Gold Bonds (SGBs) will be given to only those who have bought the SGB at the primary issue.

"It is proposed to provide that the exemption from capital gains tax in respect of Sovereign Gold Bonds shall be available only where such bonds are subscribed to by an individual at the time of original issue and are held continuously until redemption on maturity," Sitharaman said while presenting the Union Budget 2026.

"It is also proposed to provide that this exemption applies uniformly to all issuances of Sovereign Gold Bonds by the Reserve Bank of India."

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