Revamped Gold Monetisation Scheme to enlist jewellers as collection hubs ahead of festive season
Government plans a reworked Gold Monetisation Scheme letting jewellers act as collection and aggregation centres for idle household gold. Aims to unlock part of ~30,000 tonnes lying idle, cut import reliance ($12bn in May) and hand jewellers lower-cost raw material. Minimum 10-gram, 995-purity deposits over 1-3 year tenures; likely August 2026 rollout.
Government plans a revamped Gold Monetisation Scheme allowing jewellers to act as collection/aggregation centres, aiming to unlock idle household gold, cut import reliance and give jewellers lower-cost raw material. Likely launch in August before festive season.