Gold Monetisation Scheme

While the government is estimated to have sold gold bonds worth Rs 16,142 crore in FY22, its collection of the precious metal under the GMS was worth Rs 1,900 crore, according to finance ministry data.

Gold schemes’ mop-up rises four times from FY20 level

The combined mop-up under the sovereign gold bond programme and the gold monetisation scheme (GMS) shot up to Rs 17,323…

May 12, 2022 00:35 IST

Investing in gold: When and how much should you invest in gold?

Allocation to gold should be as per your profile, investment objectives and investment horizon, but the extent should be on…

April 6, 2021 02:45 IST

Somnath Trust to deposit 6 kg gold under Modi govt’s Gold Monetisation Scheme

The Somnath Trust, which met here today, decided to deposit about 6 kg gold under the government’s monetisation scheme.

September 10, 2016 23:43 IST

Gold Monetisation Scheme mobilises 2.8 tonnes so far

Government has so far collected 2.8 tonnes of gold under the Gold Monetisation Scheme (GMS), which has been in force…

May 3, 2016 16:15 IST

Tirumala Tirupati Devasthanam mulls moving 7.5 tonne gold under Gold monetisation scheme

The Tirumala Tirupati Devasthanam (TTD), may move all of its 7.5 tonnes stashed gold under Gold Monetisation Scheme (GMS), launched…

Updated: April 30, 2016 17:52 IST

PNB becomes top mobiliser under Gold Monetisation Scheme

State-owned Punjab National Bank today said it has become the top mobiliser under Gold Monetisation Scheme, which was launched by…

Updated: April 19, 2016 22:16 IST

Gold Monetisation Scheme: Tirupati temple deposits 1,311 kg gold in bank

The deposit of 1,311 kg of pure gold bars of 0.995 fineness was made with the Punjab National Bank, the…

Updated: April 19, 2016 19:21 IST

Govt tweaks gold monetisation scheme, allows investors to redeem deposits

To make the gold monetisation scheme more attractive, the government has allowed investors to redeem the deposits in gold also.…

Updated: April 2, 2016 13:35 IST

Gold monetisation scheme: Centre may make it more lucrative for investors

Narendra Modi government may further tweak the gold monetisation scheme to make it more attractive after low returns and tax…

March 19, 2016 15:02 IST

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Sovereign Gold Bond Scheme, Gold Monetisation Scheme: No tax on redemption in Budget 2016

With an aim to make investment in Sovereign Gold Bond scheme more attractive, the government today proposed that redemptions of…

March 6, 2016 12:55 IST

Govt modifies Gold Monetisation Scheme: All you need to know

In a bid to make Gold Monetisation Scheme (GMS) easier for the customers to participate, the government on Sunday modified…

Updated: January 25, 2016 12:47 IST

Gold monetisation scheme: Banks to get 2.5% commission

“It is expected that the above modifications will make the scheme more attractive for potential depositors,” the Finance Ministry said…

Updated: January 25, 2016 11:56 IST

RBI allows pre-mature withdrawal in gold monetisation scheme

In an effort to make the Gold Monetisation Scheme more customer-friendly, the RBI today said depositors will be able to…

January 21, 2016 23:07 IST

Somnath Temple to invest in Gold Monetisation Scheme

The trust has around 35 kg of gold and will deposit the gold which is not in day-to-day use of…

January 18, 2016 10:55 IST

Tirumala Tirupati Devasthanam seeks amendments to gold monetisation scheme

The short term deposits under the Gold Monetisation Scheme is similar to the present gold deposit scheme which is being…

December 26, 2015 23:47 IST

Mumbai’s Siddhivinayak Temple gets demat account to accept shares as donation

Gold Monetization Scheme: Temples weigh monetisation, but ‘melting’ a dampener

The Gold Monetisation Scheme, an ambitious initiative launched by Prime Minister Narendra Modi last month, aims to bring an estimated…

Updated: December 20, 2015 14:47 IST

Mumbai’s Siddhivinayak temple set to give Narendra Modi’s gold monetisation scheme a boost

The temple located at Prabhadevi in the heart of the city is visited by thousands of devotees from all over…

Updated: December 10, 2015 13:42 IST

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Govt targets temple gold hoard to rescue monetisation plan: Report

Government is trying to persuade rich temples to deposit some of their gold hoards with banks to revive a plan…

December 4, 2015 10:49 IST

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