The Economic Times

SGBs plunge 10% on NSE after Budget 2026 ends capital gains tax exemption from April 1

Sovereign Gold Bond prices plunged on the NSE after the government withdrew capital gains tax exemption for bonds bought in the secondary market. The Budget 2026 move restricts tax-free gains only to original RBI subscribers holding SGBs till maturity, triggering sharp selloffs across multiple bond series and raising concerns among retail investors.