PM Narendra Modi launches 3 gold schemes : All you Must know

Gold-NuggestIn a move to reduce the demand for physical gold, Prime Minister Narendra Modi on Thursday launched three gold related schemes, including ‘India gold coin’ bearing Ashok Chakra, gold monetisation and sovereign gold bond schemes to tap the festive season ahead of Dhanteras and Diwali.

The gold monetisation schemes (GMS) aims to tap household gold stocks of around 22,000 tonnes, the sovereign bond scheme would help shift part of the estimated 300 tonnes of physical gold bars and coins purchased every year in the country for investment into the demat gold bonds. Read More

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