Govt Discontinues Gold Monetisation Scheme Banks May Continue

business govt discontinues gold monetisation scheme banks may continue

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The government will discontinue the Gold Monetisation Scheme from March 2025 due to evolving market conditions. Banks are allowed to continue short-term gold deposit schemes. Since 2015, GMS has mobilised 31,164 kilograms of gold from about 5,693 depositors, including medium and long-term deposits.

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