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PM to launch gold monetisation scheme (GMS)

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In a move to reduce the demand for physical gold, Prime MinisterNarendra Modi on Thursday will launch three gold related schemes, including ‘India gold coin’ bearing Ashok Chakra, gold monetisation and gold bond schemes. The move is to tap the festive season ahead of Dhanteras and Diwali.

The gold monetisation schemes (GMS) aims to tap household gold stocks of around 22,000 tonnes, the sovereign bond scheme would help shift...

PM to launch gold monetisation scheme (GMS)

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