New Gold Deposit Scheme: What it Means for Jewellers & Customers?

  • - 11 February 2021 12:21 PM

Under the revamped Gold Monetising Scheme (GMS) which was first introduced in 2015, consumers can deposit as little as 10 g (from previous minimum of 30g). This will aid in lowering the industry’s dependence on imported gold and will foster a better relationship between jewellers and customers

Gems & Jewellery Export Promotion Council Suggests Changes To Gold Deposit Scheme To Make It More Attractive

  • - 01 September 2020 10:48 AM

The Gems and Jewellery Export Promotion Council has proposed changes in the revamped gold deposit scheme 

GJEPC’s Recommendations: Modification In The Revamped – Gold Deposit Scheme (R-GDS) and Gold Metal Loan (GML)

  • - 11 August 2020 4:03 PM

GJEPC put forth its suggestions to modify few points within the Revamped – Gold Deposit Scheme (R-GDS)  that will enable its larger acceptance and garner additional deposits of idle gold within the country

Finance Ministry releases draft gold monetisation scheme for public comments

  • - 19 May 2015 5:42 PM

The draft suggests a minimum lock-in of one year for gold deposits with a rollover of over one year, similar to bank FDs.

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