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GMS discontinuation

Gold prices up: After Sovereign Gold Bonds, govt discontinues Gold Monetisation Scheme; check details

2 April 2025 by Admin
Gold prices up: After Sovereign Gold Bonds, govt discontinues Gold Monetisation Scheme; check details

The Centre has decided to discontinue the Gold Monetisation Scheme for medium-term and long-term deposits effective March 26, 2025. The government cited soaring gold prices as a contributing factor to this decision, with the possibility of the Rs 1 lakh/10 gm mark becoming a reality in the near future. In a statement released by the … Read more

Categories Economy Tags current account deficit, finance ministry statement, GMS discontinuation, gold deposit schemes, gold imports reduction, Gold Monetisation Scheme, Gold prices, gold purity check, government gold schemes, India gold market, interest rates gold deposits, Long-term deposits, market conditions, medium-term deposits, Reserve Bank guidelines, short-term bank deposits, Sovereign Gold Bonds Leave a comment
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