Gold bond investors to make 198% profit as RBI declares premature redemption of Series IV 2020-21

RBI has announced a premature redemption price of ₹14,307 per unit for the Sovereign Gold Bond Series IV 2020-21, which is due on Tuesday. This means that investors will make a profit of up to 198%. At the time of issuance, the gold bond's price was ₹4,852 per gram for offline users and ₹4,805 for online users.