Government alters Gold Monetisation Scheme and allows redemption of deposits in Gold or Currency

Government alters Gold Monetisation Scheme and allows redemption of deposits in Gold or Currency

New Delhi: The Government has now offered a tweaked gold monetisation scheme, wherein the Government has permitted the investors to redeem deposits either in Gold or in equivalent currency also. This move of the Government is expected to attract the temple trusts, among them many temples are possessing significant amount of Gold in their control. As per the statements which were released from the Finance Ministry, for the deposited Gold under the Medium and Long term Government Deposits, the investors will be allowed to redeem the principal at a maturity,…

FacebookTwitterGoogle+Pinterest
Read More