Gold bond investors to see 294% returns on premature redemption

The RBI has fixed the premature redemption price of SGB 2019-20 Series V at ₹14,725 per unit, offering investors an absolute simple return of around 294% on the original issue price of ₹3,738 per gram. Investors can opt for early redemption from October 15. Redemption price is based on the average closing gold prices over October 12, 13 and 14.