126% return, gold savings bond.

In 2016, the price of gold per unit was fixed at Rs 2,916, but now it has crossed Rs 6,000.

Gold bond

What is the return in gold bonds

NEW DELHI: With the second tranche of gold bonds issued in 2016 maturing today, investors who held their investments till the end stand to reap 126 per cent profit.

The central government announced the gold savings bond scheme in November 2015 as part of a move to reduce gold imports. In this, gold can be stored in document form. 

1 gram of gold is given as 1 unit. In this case, the second phase of gold bonds was released in March 2016. At that time, the price of 1 gram of gold was fixed at Rs 2,916. Over the past eight years, the price of gold has risen manifold and is now trading above Rs 6,000.

In this case, the RBI has informed that the money will be paid to the gold bond investors based on the average price of 1 gram of gold of Rs 6,601. This is 126 percent higher than the price at the time of investment.

For those who invest in this scheme, interest is credited to their bank account once every six months. At maturity, the final interest is paid along with the principal amount.