Gold Monetization
Gold monetisation is a term deposit in gold. It includes the revamped versions of the Gold monetisation Loan Scheme (GML) introduced in 1998 and Gold Deposit Scheme (GDS) introduced in 1999. Sovereign metals is the authorised precious metal refinery for these schemes.
The advantages of gold monetisation scheme include:
You can earn interest on your idle gold to add value to your savings. You can start investment with 30 gm gold. You can earn good interest on your unused gold. It is a secured storage for your gold. You can avail great tax benefits. Flexible redemption processes as you can withdraw your gold when you need it. Reduce the reliance of govt on gold imports.