Gold Scheme

Government plans gold amnesty scheme to curb black money: Sources

If implemented, the amnesty scheme for gold would be the second major step taken by PM Modi in curbing black money after demonetisation in 2016.

Oct 30, 2019, 15:34 PM IST

Sovereign Gold Bonds: Govt to offer gold bonds at a discount of Rs 50/gm

The issue price of the bond had been fixed at Rs 2,957 per gram of gold.

Oct 21, 2016, 22:25 PM IST

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.

Mar 23, 2016, 20:15 PM IST

Govt to get Rs 726 crore via 2nd tranche of gold bond scheme

The first tranche of the scheme, which was launched in November, had received a subscription for 915.95 kg of gold worth Rs 246 crore. As many as 62,169 applications had come for the first tranche.

Jan 28, 2016, 18:18 PM IST

Gold monetisation scheme: RBI allows pre-mature withdrawal

In an effort to make the Gold Monetisation Scheme more customer-friendly, the RBI Thursday said depositors will be able to withdraw medium-term (5-7 year) and long-term government deposits (12-15 years) pre-maturely after the minimum lock-in period, though with a penalty.

Jan 21, 2016, 22:54 PM IST

Siddhivinayak temple set to give Modi government's gold scheme a boost

Mumbai`s two-century-old Shree Siddhivinayak temple, devoted to the Hindu elephant-headed god Ganesha, is considering depositing some of its 160 kilogrammes (kg) of gold with banks, according to a spokesman.

Dec 09, 2015, 19:51 PM IST

India targets temple gold hoard to rescue monetisation plan

The gold monetisation scheme has only attracted about one kilogramme in a month, prompting the government to nudge temples through banks to hand over their treasures, the sources said, but at least one temple said it was still unconvinced by the plan.

 

Dec 03, 2015, 21:04 PM IST

Government takes stock of progress in gold schemes

Economic Affairs Secretary Shaktikanta Das Tuesday interacted with members of the public and private bankers here to review the progress of the schemes.

Dec 01, 2015, 23:50 PM IST

Gold Bond Scheme generates Rs 246 cr, RBI issues certificates

RBI Tuesday said the Sovereign Gold Bond (SGB) scheme has received a good response with total subscription value amounting to Rs 246 crore and it has already issued certificates.

Dec 01, 2015, 23:21 PM IST

Government floats idea of country's first gold exchange

Centre Tuesday floated an idea of a gold exchange, a transparent platform where jewellers can buy and sell the precious metal locally instead of depending on the international market.

Dec 01, 2015, 20:24 PM IST

RBI to fine tune gold monetisation scheme

Till November 18, the gold monetisation scheme had garnered 400 grams of physical gold.

 

Nov 27, 2015, 18:08 PM IST

At paltry Rs 150 crore, gold bonds scheme fails to glitter

The government's much-touted sovereign gold bond scheme has failed to cut much ice with the public, if the final amount of about Rs 150 crore is any indication, say bankers, who also blamed the high issue price as the biggest dampener.

Nov 22, 2015, 13:13 PM IST

Gold, silver coins sparkle on Dhanteras, jewellery loses sheen

Gold and silver coins, including those bearing Ashok Chakra, are getting some extra shine on Dhanteras.

Nov 09, 2015, 19:44 PM IST

Dhanteras: Top reasons to choose bonds over other gold investments

Sovereign Gold Bond Scheme launched by the government appears to be the best gold investment option this Dhanteras 

Nov 09, 2015, 09:13 AM IST

Gold monetisation scheme: Govt fixes interest rate at 2.25-2.50%

Interest rate on Medium and Long Term Government Deposit (MLTGD) are 2.25 percent and 2.20 percent, respectively, according to a notification issued by RBI Tuesday.

Nov 03, 2015, 22:50 PM IST

RBI fixes gold bonds issue price at Rs 2,684 per gram

Reserve Bank has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds, for which applications will be accepted from November 5 to 20.

Nov 03, 2015, 22:38 PM IST

Sovereign Gold Bonds to attract investors over other options: Report

The Sovereign Gold Bond Scheme (SGBS) may address pure investment demand for the yellow metal and is easy to implement relative to the gold monetisation scheme, the India Ratings report said.

Nov 02, 2015, 18:43 PM IST

Cabinet to take up Gold Monetisation Scheme in few weeks

The scheme proposes to offer tax-free interest to individual on depositing the yellow metal with banks.

Jul 22, 2015, 15:22 PM IST

Now, get tax-free interest on gold deposits

The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.

May 20, 2015, 14:32 PM IST

Gold monetisation scheme: Interest on deposits to be tax-exempt

Seeking to mobilise gold held by households and institutions, government on Tuesday came out with a draft scheme under which a person or entity can earn interest by depositing the metal with banks.

May 19, 2015, 15:10 PM IST