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IDLE GOLD MOBILISATION
Senco Gold Ltd opens 8 new stores in Q1, targets 12-15 additional outlets this fiscal yearSenco Gold has significantly expanded its retail presence, adding eight new showrooms in the first quarter of FY27, bringing its total to 2...- India has got a $5 trillion sleeping giant: Can govt wake it up?India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As...
- Muthoot Finance, Manappuram Finance, other stocks rise up to 5% as gold prices hit Rs 1.48 lakh/10 gramsGold prices surged past Rs 1.48 lakh per 10 grams on Friday, propelling shares of gold financiers like Muthoot Finance and Manappuram Finan...
- Jewellers may be louped in for idle gold mobilisationThe government is exploring a revamped Gold Monetisation Scheme, aiming to involve jewellers for the first time to tap into the vast amount...
- Is government planning to issue gold bonds to temples in exchange for gold reserves? Check hereThe Indian government has officially denied circulating rumors about plans to issue gold bonds to temples or to monetize temple gold holdin...
- Gold volume growth may dip 10–15% after duty hike, say jewellersIndia's gold and silver import duty hike may affect jewellery sales volumes initially. Industry leaders believe demand will stay strong due...
- Malabar Gold & Diamonds backs Modi’s call on responsible gold use, seeks overhaul of monetisation schemeMalabar Gold & Diamonds proposed enhancements to the Gold Monetisation Scheme to boost public participation and mobilize idle gold. The com...
- What should you do with your gold investments after PM Modi urges people to postpone gold purchases?Prime Minister Modi urged citizens to postpone gold purchases to curb India's import bill amidst West Asia tensions. While the intention is...
- Amid PM Modi's 'no gold buy' appeal, a scheme that planned mobilisation of idle gold at homes gets spotlightThe gems and jewellery sector is urging the government to strengthen the Gold Monetisation Scheme. Industry bodies believe domestic gold mo...
- No plan to hike gold import duty despite Modi's appeal to skip buying, says government officialIndia denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressur...
- As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling frameworkThe All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange wi...
- GJC pushes RBI for revamped Gold Monetisation SchemeThe Gem and Jewellery Council is proposing a new Gold Monetisation Scheme. This plan aims to work with the Reserve Bank of India and the Fi...
- 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 ...
- SBI mobilises 13,212 kg gold through Gold Monetisation Scheme"During FY2020, (the) bank mobilised gold amounting to 3,973 kgs, bringing the cumulative mobilisation to 13,212 kgs," said SBI in the repo...
- Government mobilises 6.4 tonne gold under monetisation schemeLaunched in November 2015, the scheme intends to mobilise idle gold held by households and institutions so that the wealth can be put to pr...
- 6,410 kg gold mobilised under Gold Monetisation Scheme: MoS Finance Arjun Ram MeghwalSo far, government has launched seven tranches of Sovereign Gold Bonds in last about one year.
- Banks still dragging their feet on Gold Monetisation SchemeIn the earlier gold deposit scheme, the government mint took 180 days to settle their refining account but with 0.5% interest payout at tha...
- Cabinet approves gold monetisation scheme and gold bonds"It is safer and economically more stable to go under both these schemes," Finance Minister Arun Jaitley said after the Cabinet meeting.
- NCDEX launches forward contracts to mobilise recycled goldThe new forward gold contracts will complement the government's proposed Gold Monetisation Scheme (GMS) and 'Make in India' programme.
- Re-launch of gold deposit scheme can cut imports by 250 tonnesThe current gold deposit scheme, launched in 1999, is beyond the reach of most households as it mandates a minimum deposit of 500 grams.
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