To make the gold monetisation scheme more attractive, the government has allowed investors to redeem the deposits in gold also. The move is expected to attract temple trusts, many of which have significant amount of gold unde
In a bid to make Gold Monetisation Scheme (GMS) easier for the customers to participate, the government on Sunday modified it after the Reserve Bank of India (RBI) on Jan 21 suggested changes in the master direction on the sc
In an effort to make the Gold Monetisation Scheme more customer-friendly, the RBI today said depositors will be able to withdraw medium-term (5-7 year) and long-term government deposits (12-15 years) pre-maturely after the mi
The Gold Monetisation Scheme, an ambitious initiative launched by Prime Minister Narendra Modi last month, aims to bring an estimated 22,000 tonnes of gold lying idle with households, religious institutions and others into th
Gold Monetisation Scheme has the potential to perform better than the previous initiatives, but it will take some time for the scheme to gain traction and may have a limited impact on gold prices, says a report.
Commenting on the newly-launched Gold schemes, the FICCI said that these policies would allow channelization of the unutilized domestic gold reserves towards supporting the country's economic growth...
PM Narendra Modi on Thursday launched two schemes on gold (Gold Monetisation Scheme, Sovereign Gold Bonds Scheme) as well as a sovereign gold coin, as the government aimed to broaden the investment choices for individuals as