Govt discontinues Gold Monetisation Scheme; banks may continue - Business News, Finance News, Share Market News - Market trendz

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Wednesday, 26 March 2025

Govt discontinues Gold Monetisation Scheme; banks may continue


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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