Jewellers pitch bullion bank, revamped monetisation to cut gold imports 200-300 tonnes
Responding to PM Modi's call to curb gold buying, the All India Jewellers and Goldsmith Federation has proposed three measures—a dedicated bullion bank, overhauled gold monetisation schemes, and mobilising idle household gold—that could trim annual imports by 200-300 tonnes without forcing consumer sacrifice.
Amid PM Modi's call to curb gold buying, the All India Jewellers and Goldsmith Federation proposes a dedicated bullion bank and revamped gold monetisation schemes to mobilise idle household gold, potentially cutting annual gold imports by 200-300 tonnes.