Gold bond investors earn 227% return as RBI sets redemption price

RBI has announced the premature redemption price for Sovereign Gold Bonds 2021-22 Series II, due on Monday. The price has been set at ₹15,672 per unit, delivering a 227% return over the issue price of ₹4,792 for online subscribers who received a ₹50-per-unit discount. Investors who purchased the bonds offline at ₹4,842 per unit would earn a return of 223%.