Gold Monetisation schemes

Gold Monetisation schemes News

The pros and cons of investing in govt's gold monetisation scheme

The Gold Monetisation Scheme can be a good way to maximise the value of idle gold lying at home. However, the key lies in evaluating its features to make an informed investment decision

Gold monetisation: Deposits above threshold to attract penalties

Gold above prescribed threshold ‘need not be seized by tax authorities, but the tax penalties, as applicable will be levied’: FinMin.


Curbing physical gold: Centre’s new schemes to offer 2-3% interest

Returns much higher than 1999 scheme that offered 0.75% & 1% on terms between three and five years.

Sovereign bond: The new gold standard

The interest component of the Centre's new schemes give them an edge over other gold investing instruments, making them the most lucrative within the asset class.

Cabinet clears GOLD schemes: I-T Act to be amended for tax benefits under bond scheme

The move follows an announcement in the 2015-16 Union Budget to curb gold imports that led to the current account deficit ballooning to 4.7 per cent of the GDP in FY13.