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Gold monetisation scheme News

gold monetisation scheme

12 Feb 2019

Focus on retail holders to get more gold back into system: IGPC chief

IGPC Chairperson Prof. Arvind Sahay spoke to Reema Sharma of Zee Media regarding few pressing issues on the Gold Monetisation Scheme on the sidelines of the conference.

10 Jan 2019

RBI makes changes in Gold Monetisation Scheme

In 2015, the government launched the GMS to mobilise the gold held by households and institutions in the country.

Reserve Bank of India

08 Jun 2018

RBI amends Gold Monetisation Scheme to make it more attractive

In 2015, the government launched the GMS with the objective of mobilising the gold held by households and institutions in the country.

Gold investment schemes

16 May 2017

Govt's gold schemes fail to attract people: IGPC IIMA study

Various gold investment and savings schemes such as the Gold Monetisation Scheme floated by Central government has met with little success due to lack of awareness among the masses, according to a recent study.

15 Jul 2016

Gold imports drop over 38% in June to $1.2 billion

Gold imports plunged by 38.54 percent to USD 1.2 billion in June while inbound shipments of silver fell by more than a quarter in the month.

15 Jul 2016

Income Declaration Scheme: Government wants people to clean up their books, says Finance Minister

Maintaining that the relationship between taxmen and assessees is undergoing a change, Finance Minister Arun Jaitley said yesterday that the aim of the Income Declaration Scheme-2016 is to send a firm message to the people to clean up their books.

14 Jul 2016

Gold monetisation scheme: Govt mobilises 3.1 tonnes of gold

Government Thursday said it has netted 3.1 tonnes of idle household and temple gold under the monetisation scheme since its launch in November 2015.

Shri Siddhivinayak temple gold

20 May 2016

Boost to gold monetisation scheme: Shri Siddhivinayak temple deposits 44 kg in gold scheme

trading of the Sovereign Gold Bond

17 May 2016

Trading in gold bonds to begin by month-end: Finance Ministry

Government on Monday said that trading of the Sovereign Gold Bond (SGB) will begin by month-end and the fourth tranche of the scheme will be launched thereafter.

07 May 2016

8 temples deposit gold under gold monetisation scheme

Coming forth and supporting government's gold monetisation scheme, eight temples of the country have donated gold deposits under the scheme, the most coming from Tamil Nadu.

03 May 2016

Gold Monetisation Scheme mobilises 2.8 tonnes so far

The government has so far collected 2.8 tonnes of gold under the Gold Monetisation Scheme (GMS), which has been in force for a little over six months, Parliament was informed on Tuesday.

Tirumala Tirupati Devasthanam

30 Apr 2016

World's richest temple mulls moving 7.5 tonne gold under monetisation scheme

Tirupati temple managing body mulls moving 7.5 tonne gold under monetisation scheme

gold monetisation scheme

29 Apr 2016

Temples, trusts deposit 1,512 kg gold under GMS: Sinha

Banks have collected about 1,500 kg of gold from temples and trusts under the Gold Monetisation Scheme (GMS) since its launch last November.

Tirupati Balaji temple

20 Apr 2016

Tirupati temple deposits 1,311 kg gold in PNB

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Tirupati Balaji temple

19 Apr 2016

Gold Monetisation Scheme: Tirupati temple deposits 1,311 kg gold in PNB

The deposit of 1,311 kg of pure gold bars of 0.995 fineness was made with the Punjab National Bank on Monday, the Tirumala Tirupati Devasthanams (TTD) said in a statement.

Gold monetisation

03 Apr 2016

Govt modifies Gold Monetisation Scheme; allows investors to redeem deposits in gold

To make the Gold Monetisation Scheme more attractive, the government has allowed investors to redeem the deposits in gold also.

gold monetisation scheme

01 Apr 2016

Govt tweaks gold monetisation scheme

To make the gold monetisation scheme more attractive, the government has allowed investors to redeem the deposits in gold also

Sri Venkateswara Swamy temple

23 Mar 2016

World's richest Hindu temple wants gold rather than cash under scheme

The Sri Venkateswara Swamy Temple, popularly known as the Tirupati, has requested repayment of their deposits of longer than three years under the Gold Monetisation Scheme in the metal rather than cash.

19 Mar 2016

Third tranche of gold bond scheme subscribed for only 1,128 kg

In comparison to the second tranche, the third tranche of sovereign gold bond (SGB) scheme has received a very silent response

18 Mar 2016

Gold set for weekly gain as Fed stance keeps dollar under pressure

Gold edged up on Friday with the market on track to end the week on a firmer note as the dollar hovered near its lowest in five months, pressured by the Federal Reserve`s plan to make fewer-than-expected interest rate hikes

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