Gold bond investors make up to 318% profit as RBI announces redemption price

RBI has announced a premature redemption price of ₹14,199 per unit for the Sovereign Gold Bond 2019-20 Series II, which is due on Thursday. The bond was issued at ₹3,393 per gram for online buyers and ₹3,443 per gram for offline buyers. This means investors will make a profit of up to 318.5% on this series.