Monday, 27 February 2017

What is Gold Monetization Scheme?

- It will allow depositors to earn interest in their metal deposits and jewelers to obtain loan in their metal account..
- Bankers and Dealers will also be able to monetize the gold. 
- It will regulate estimated 20,000 tonnes gold which is neither be traded or monetized in India.
Minimum 30 grams of gold has to be deposited for at least 1 year

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