Gold Monetisation Scheme

PM Narendra Modi launches 3 gold schemes : All you need to know

Prime Minister Narendra Modi will launch three gold related schemes, including 'India gold coin' bearing Ashok Chakra, gold monetisation and gold bond schemes.

gold coin

Banks free to fix interest rates on gold deposit scheme: RBI

Reserve Bank today issued guidelines for the Gold Monetisation Scheme that allow banks to fix their own interest rates on gold deposits.

RBI on gold monetization scheme

Gold monetisation, bond schemes to be launched in November: FinMin

Economic Affairs Secretary Shaktikanta Das also said that govt will very soon issue gold coins with Ashok Chakra symbol, which will also help curb the demand of imported coins.

Gold import

Gold monetisation, bond schemes: Should you invest?

We take a look at the benefits of both the Sovereign Gold scheme and Gold monetisation scheme and the important aspects of the scheme.

gold prices

Union Cabinet clears gold bond, monetisation schemes

The Gold Bond scheme will have an annual cap of 500 grams per person and such bonds would be issued for a period of 5-7 years.

gold price, gold rate

Govt should revisit proposed gold monetisation scheme, says Veerappa Moily

In 1999 too, the government had started a policy to monetise household gold, but it failed, mainly due to the low interest rate and very high minimum deposit norm by an individual (500 gm).

Government eyes gold deposits to cut market burden

Under the Gold Monetisation Scheme, depositors will be allowed to deposit only gold coins and bars, and will receive interest at the annual rate of 2.5 per cent.

Gold

Cabinet to take up Gold Monetisation Scheme in few weeks

The government is likely to consider and approve Gold Monetisation Scheme in the next few weeks, which proposes to offer tax-free interest to individual on depositing the yellow metal with banks.

gold, gold rate, gold price, bullion market India, bullion market gold price, silver price, silver rate

Govt plans to raise Rs 13,500 cr via gold bonds in first year

The government is planning to issue sovereign gold bonds linked to the price of the yellow metal, a proposal aimed at reducing demand for gold and control trade deficit.

gold buying- Akshaya Tritiya

Gold scheme lacks lustre

Higher gold imports—$56.5 and $53.8 billion in FY12 and FY13, respectively—resulted in record current account deficit of 4.2% and 4.8% of GDP in these two years.

Gold Monetisation Scheme: A 24 carat question

Experts say that gold rates have to be attractive enough for citizens and institutions to take interest in the scheme.

Gold price
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