RBI sets redemption price for 2018-19 Series IV gold bonds, yielding up to 359% returns
The Reserve Bank of India has fixed the premature redemption rate at ₹14,086 per unit for the Sovereign Gold Bond 2018-19 Series IV, with the maturity date set for Wednesday. When these bonds were first released on January 1, 2019, the price was ₹3,119 per gram for those buying offline and ₹3,069 per gram for online transactions. Consequently, investors who kept these bonds are looking at gains reaching as high as 359%.
by shortkt.com✓