Tag Archives: indian gold coin

Gold Monetization Schemes and Benefits

The Government of India has launched Gold Monetization Schemes to liquidate the reserves of gold lying idle in Indian homes, so that its import bills could come down significantly. Facts: India is one of the largest consumers of gold in the world importing nearly 1,000 tons of yellow metal every year According to conservative estimates,… Read More »

Gold Monetization Schemes: Various Constraints

Gold Monetization Schemes: Various Constraints India is the 9th largest economy in the world and 3rd largest in terms of PPP. India is one of the largest importers of gold in the world, which is the 2nd biggest contributor to our import bill after petroleum. According to government estimates, Indian families, investors, temples and other… Read More »