Gold bond investors to earn 200% returns on early redemption

RBI has fixed the premature redemption price of Sovereign Gold Bond 2021-22 Series VII at ₹14,167 per gram, effective November 2. They were originally issued at ₹4,715 per gram, giving online investors an absolute return of 200.47%, excluding interest earned over the holding period. The redemption price is based on closing gold rates recorded over October 28, 29 and 30.