Gold bond investors get over 200% returns as RBI announces redemption price

The RBI has announced a premature redemption price of ₹15,254 per unit for Sovereign Gold Bond 2020-21 Series-VII-Issue, which are due on Monday. This means that investors holding these gold bonds will get over 200% returns. The gold bonds were issued on October 20, 2020, at ₹5,051 per gram for offline buyers, and at ₹5,001 per gram for online buyers.