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Govt mobilises 6.4 tonne gold under monetisation scheme

Govt mobilises 6.4 tonne gold under monetisation scheme

Saturday, March 11, 2017, 3:28 PM

Government has collected 6.4 tonnes of gold under the scheme for monetising the metal, Parliament was informed on Friday. Launched in November 2015, the scheme intends to mobilise idle gold held by households and institutions so that the wealth can be put to productive use. Government had also launched a Sovereign gold bond scheme in November 2015, as an alternative to purchasing metal gold.
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