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TEMPLE GOLD RESERVES
Modi wants Indians to press pause on gold. But the $5.2 trillion obsession runs deepIndia’s attempt to protect the rupee is now colliding with one of the country’s strongest cultural habits — buying gold. After Prime Minist...- 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...
- India denies temple gold monetisation claims, calls viral reports 'false and baseless'The Ministry of Finance has strongly refuted social media rumors about plans to issue gold bonds against temple gold reserves. The governme...
- India’s gold import duty hike: A double-edged swordIndia has raised gold import duty to 15% and urged citizens to buy less gold. This move targets foreign reserves and the rupee's value. How...
- Is a US stock market crash beginning? Nasdaq 100 drops over 2% as Dow Jones and S&P 500 struggle after inflation shock hits investorsIs a US stock market crash beginning as Nasdaq sinks 2% after shocking CPI inflation rattles Dow and S&P 500? The Nasdaq 100 plunged more t...
- Indian household gold higher than gold reserves of world's top 10 central banks: AssochamIndia’s households now hold more gold than the top 10 central banks combined, with estimates ranging from $2.4 trillion to $10 trillion. As...
- Democratic Social Justice Party extends unconditional support to NDA for Kerala Assembly pollsThe Democratic Social Justice Party has declared its full backing for the NDA in the upcoming Kerala Assembly elections. Party leaders stat...
- Just 6 tonnes of 22,000 tonnes of gold unlocked via GMS so farShort-term deposits should be treated as bank’s on-balance sheet liability.
- Gold imports drop over 38 per cent in June to $1.2 billionGovernment has netted 3.1 tonnes of idle household and temple gold under the monetisation scheme since its launch in November 2015.
- Tirupati temple deposits 1,311 kg gold in bankThe depoit of 1,311 kg of pure gold bars of 0.995 fineness was made with the Punjab National Bank, the Tirumala Tirupati Devasthanams said ...
- Somnath Temple to invest in Gold Monetisation SchemeThe temple's trustees, including Prime Minister Narendra Modi, have given their consent to invest the yellow metal reserves in the scheme.
- Gold-rich temples weigh monetisation scheme, but 'melting' a dampenerAs the govt seeks to monetise gold worth USD one trillion lying idle, temples fear that 'melting' of ornaments donated by devotees may hurt...
- Gold monetisation scheme: 2% interest likely on gold depositsAs regards the sovereign gold bond scheme, govt aims to raise Rs 15,000 cr and timing of the launch will be decided in consultations with R...
- Gold held near 4-week low on India's bullion plan before FedGold held near a four-week low on concern that India will reduce bullion imports and as US jobs data added to the case for higher interest ...
- RBI opposes finance ministry plan to use gold deposits as bank CRRGold as CRR will weaken its effectiveness as monetary policy tool and may expose RBI's reserves to risk from commodity prices, RBI has told...
- Why monetising gold is a win-win situation for allInstead of investing in physical gold that carries the hassles of safety and purity, investing in ETFs or SGBs is smarter.
- RBI query on temples' gold stocks sparks protest in KeralaKerala is not only home to some of the richest temples in the country but they are also sitting on hundreds of tonnes bullion.
- No proposal to convert idle gold into bullion: RBIThere have been media reports that the RBI is considering converting idle gold, including that available with temple trusts, into bullion.
- BJP to oppose govt move to take over gold from temples: Subramanian SwamyThe BJP will oppose govt's move to take into possession the gold belonging to some temples to mitigate the crisis caused by the yellow meta...
- RBI plans to request Tirupati, Shirdi shrines to sell their gold pile to rescue Re fallTirupati is among the world’s richest temples with an estimated gold hoard of about 1,000 tonnes. India has a gold stock of 18,000-30,000 t...
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