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Thursday, October 29, 2020

Gold Monetisation schemes


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

June 14, 2019 12:05 pm

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

September 25, 2015 3:03 am

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

September 11, 2015 1:13 am

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

Sovereign bond: The new gold standard

September 11, 2015 1:06 am

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

September 10, 2015 2:17 am

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.