Gold bond investors make up to 359% profit as RBI announces 2018-19 Series IV redemption price

RBI announced a premature redemption price of ₹14,086 per unit for Sovereign Gold Bond 2018-19 Series IV, which are due on Wednesday. They were issued on January 1, 2019 at ₹3,119 per gram for offline buyers and at ₹3,069 per gram for online buyers. This means that investors holding these gold bonds will make a profit of up to 359%.