Friday, 15 September 2017

Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins


Launch Date: 05.11.2015
Objective: To reduce the country’s reliance on the imports of gold to meet the domestic demand and to reduce the demand for physical gold
Achievements: Till 14.11.2016, under the Gold Monetisation Scheme a total of 5730 Kilograms of gold has been mobilized and from the six tranches of Sovereign Gold Bonds issued, a total of 14071 kgs of gold units amounting to Rs. 4127 Crore have been subscribed

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