Gold Monetisation Scheme Archives

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

2 April 2025 by Admin

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

Revamped Gold Scheme: Minimum deposit cut to 10 gm, jewellers roped in

10 February 2021 by Admin

Kolkata: The government on Wednesday launched a revamped Gold Monetisation Scheme that seeks to unlock an estimated 22,000 tonnes of idle gold lying at Indian households by reducing minimum deposit to 10 grams, involving jewellers, and making all state-run banks participate in it. At least one third of the public sector bank branches in all … Read more