Centre may loop jewellers into revamped Gold Monetisation Scheme to tap idle household gold
The government is weighing a revamped Gold Monetisation Scheme that includes jewellers to mobilise an estimated 30,000 tonnes of idle household gold, easing import reliance amid a 15% import duty and high prices straining festive demand. An announcement is expected in August.
Centre weighs including jewellers in a revamped Gold Monetisation Scheme to mobilise ~30,000 tonnes of idle household gold, cutting import reliance. Move targets festive season demand strain from high gold prices and import duty; announcement expected in August.