Investors get 295% return on early redemption of 2019 gold bonds

RBI has announced the premature redemption price for Sovereign Gold Bonds 2019-20 Series IV, issued on September 17, 2019. The redemption price has been set at ₹15,173 per unit, translating into an absolute return of nearly 295% over the issue price of ₹3,840 for online subscribers. Investors who bought the bonds offline at ₹3,890 would see gains of about 290%.