SGB 2019-20 Series IV: ₹1 lakh invested at issue becomes ₹3.95 lakh in 7 years, but tax can't be ignored

The SGB 2019-20 Series IV was issued on September 17, 2019 at ₹3,890 per gram. Investors who applied online and paid digitally received a ₹50 discount, bringing the effective issue price down to ₹3,840 per gram.