Zee Media bureau
New Delhi: If you wish to profit from government's Gold Monetisation Scheme, your neighbourhood jeweller would be able to guide you soon.
As per a Hindustan Times report, government is planning to rope in certified jewellers into the gold monetisation scheme.
The report adds that your jeweller would go through the know your customer (KYC) norms, collect precious metal, and be authorised to issue a certificate of authentication on the content and purity of the metal.
There are about 13,000 certified jewellers registered with the Bureau of Indian Standards, which may work as collection centres. At the time of the launch of the scheme, there were just about 340 collection centres.
The Centre would also embark on a massive publicity campaign to make the scheme more popular.
The government had launched the scheme in late 2015, along with sovereign gold bonds and coins, in order to tap into the yellow metal lying idle in households and temples, and widen consumers’ investment choices.