Sovereign Gold Bond 2017-18 Series-VIII Redeemed with Over 320% Returns

The Sovereign Gold Bond 2017-18 Series-VIII, bought for Rs 2,911 per gram, was redeemed after eight years for Rs 12,300 per unit.

This means investors got over 320% returns, not including interest.

The government has raised Rs 72,275 crore through this scheme, with 18.81 tonnes redeemed so far.