gold monetisation scheme

The Reserve Bank on Thursday said premature redemption under the Gold Monetisation Scheme will be payable in rupees, while on maturity the depositor may choose to opt for physical gold. The Gold Monetisation Scheme (GMS) was launched in…

Nearly 468 tonnes of old gold had been used in the last five years to partly meet India's domestic consumption of about 850 tonnes annually, according to a report by the World Gold Council (WGC). Upward movements in the gold price,…