Gold Monetisation Scheme News

GMS, which modifies the existing 'Gold Deposit Scheme' (GDS) and 'Gold Metal Loan Scheme (GML) seeks to mobilise gold held by households and institutions of the country and facilitate its use for productive purposes, and in the long run, to bring ...

Gold has traditionally been an investment favourite among Indians, often considered a sign of status and financial stability. Be it marriage or a family occasion, precious metals are purchased and exchanged throughout the year in the second-largest consumer of gold in ...

Gold prices in India climbed higher on December 23 on the back of firm prices in the global markets. On the MCX, gold contract for February delivery was up 0.29% or Rs. 110 at Rs. 38,101 per 10 gm. In line ...

As Indians, we always have had a soft corner towards gold investments. Traditional ways of investing in gold included buying gold jewelery and storing them in homes and safe deposits. But is this a really a good way to make the ...

Indians have time and again proven their love for gold. Be it a wedding or festival, Indians craze for gold has hardly decreased.  Check gold rates in India However, this has been badly hurting the Indian economy, as imports increased which ...

Gold Monetisation Scheme (GMS) was launched in 2015. The GMS replaced the old Gold Deposit Scheme, 1999. However, individuals holding the outstanding under the Gold Deposit Scheme were allowed to keep till maturity unless the depositors prematurely withdraw them. Check gold rates ...

In the Union Budget 2015, the finance Minister proposed a Gold Monetisation scheme on hopes that it may reduce reliance on import of gold over time to meet the domestic demand.  Check gold rates in India The main objective of the ...