The Sovereign Gold Bond (SGB) scheme, launched by the Reserve Bank of India in August 2016, concludes on August 5 after eight years. Investors will receive Rs 6,938 per gram, compared to the purchase price of Rs 3,119 per gram, yielding a 122% return. Additionally, depositors earned an annual interest of 2.5%. The Reserve Bank of India’s evaluation shows that the scheme resulted in significant losses for the government due to soaring gold prices. Originally intended to reduce gold import costs, the scheme led to higher payouts to investors, complicating the government’s foreign exchange savings goal. As a result, the scheme will not be continued.