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'Set up gold bank, gold deposit a/c to minimise smuggling'

Last Updated: Wednesday, July 02, 2014, 18:24

The government should establish a gold bank and introduce a gold deposit account operated through scheduled commercial banks to minimise smuggling of the yellow metal, industry body Assocham said Wednesday.

Mutual Funds can hold gold certificates in physical form: Sebi

Last Updated: Friday, October 18, 2013, 19:45

Market watchdog Sebi on Friday allowed Mutual Funds to hold gold certificates issued by banks in the physical forms as well, in addition to the ones in demat form, for investments made in Gold Deposit Schemes.

India's top bullion bank to work with jewellers to tease out gold hoards

Last Updated: Saturday, October 12, 2013, 10:31

Bank of Nova Scotia is in talks with trade group the Gems and Jewellery Trade Federation (GJF) and the Reserve Bank of India (RBI) to finalise details.

Sebi allows gold ETFs to invest in Gold Deposit Schemes

Last Updated: Friday, February 15, 2013, 18:13

A RBI panel has estimated that about 20,000 tonnes of idle gold is lying with the people.

RBI tweaks gold deposit scheme to make it more attractive

Last Updated: Thursday, February 14, 2013, 19:24

Rising gold imports have been a major concern for the government as it contributes substantially to the widening Current Account Deficit (CAD).

Ants and termites aid discovery of new gold deposits

Last Updated: Tuesday, December 11, 2012, 10:10

Ants and termites are stockpiling gold in their mounds, according to Australia’s national science agency, The Commonwealth Scientific and Industrial Research Organisation.

White Paper against tax immunity schemes

Last Updated: Monday, May 21, 2012, 21:47

Under the gold deposit scheme, which is being talked about in some quarters, the depositors parting with gold will get back the precious metal along with a nominal rate of interest.