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GOLD DEPOSITS BIS
Top gold loan companies expand bullion holdings to record levels in FY26India's top gold loan firms, Muthoot Finance, Manappuram Finance, and IIFL Finance, collectively hold a record 334 tonnes of gold. This amo...
RBI brings home 64 tonnes of gold between March 2025 and Sept 2025India’s central bank has brought home 274 tonnes of gold since March 2023. The move to accelerated repatriation of gold started post the Ru...
RBI goes slow in bringing back home gold from overseas vaultsThe Reserve Bank of India repatriated a small amount of gold. It brought back 1.53 tonnes between September 2024 and March 2025. This is si...
RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1The Reserve Bank of India increased its domestic gold holdings by over 100 metric tonnes by September 2024. It now holds 854.73 metric tonn...
Import cover falls below Dec levels as forex kitty shrinksThe reserves hit an all-time high of $642.453 billion on September 3 last year which was enough to cover nearly 15 months of imports on a b...
Forex reserves fall by $28.05 billion in September 2021-March 2022 period: RBI report"During the half-year period under review, reserves decreased from $635.36 billion as at end September 2021 to $607.31 billion as at end-Ma...
Share of gold in the forex reserves rises to 7%At the end of March, RBI held 760.42 metric tonnes of gold (including gold deposits of 11.08 metric tonnes). While 453.52 metric tonnes of ...
Gold traders seek clarity on 20, 23, 24-carat inventory as hallmarking deadline nearsThe trade has informed the BIS that since March 2020, due to the pandemic situation and lockdowns, a majority of jewellers could not dispos...
Revamped Gold Scheme: Minimum deposit cut to 10 gm, jewellers roped inMobilising most of the idle gold from Indian households will help the country reduce dependence on import of gold and address the issue of ...
As gold imports take a hit, industry looks for ways to make deposit schemes attractiveIndia's existing gold monetisation scheme is yet to take off, garnering deposits of only 20 tonnes of gold till now. Private gold stock in ...
India-made gold bars to be used for futures contracts at NSENSE Refiner Standards for BIS standard gold will be effective from Friday, July 10, 2020.
BIS to come out with good delivery bullion standard for gold barsIndia on average imports 700-800 tonnes of gold each year. A large part is in the form of London Bullion Market Association certified bulli...
For gold monetisation scheme to work don’t ask people for source: Traders to governmentDealers want the government to simplify the gold monetisation scheme through measures such as not pressing people to declare the source of ...
Banks, jewellers yet to participate in gold monetisation schemeBankers as well as jewellers said it will take some time to put necessary modalities like tripartite agreements in place to make it workabl...
PM Narendra Modi's gold deposit scheme attracts only 400 grammes so farGold Monetisation Scheme has so far attracted only 400 grams of gold deposit since its launch 13 days ago, industry body Gems and Jewellery...
Gold monetization scheme can bring idle gold to industry use: Gem and Jewellery Trade FederationGJF feels that the Sovereign Gold Bond is comparatively a good tool for the educated and capital market friendly to invest in gold.
FinMin gives details of gold schemes, RBI to decide ratesThe GMS provides an option to people to monetise physical gold by depositing them with authorised banks and earning interests from such dep...
Govt scraps plan to use gold deposits as part of CRR & SLR in gold monetisation scheme: SourcesGovernment has dropped plans to use gold deposits as part of CRR and SLR in Gold Monetisation Scheme, finance ministry sources today told E...
Finance Ministry moves Cabinet note on gold monetisation schemeUnder the proposed scheme, a person or entity would be allowed to deposit a minimum quantity of 30 grams of gold in any form, bullion or je...
Banks may get nod to use gold deposits for meeting CRR, SLRCRR is 4 per cent while SLR is 21.5 per cent. So, 25.5 per cent of the cash deposit mobilised by banks are locked in these two statutory ra...