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Performance of Gold Monetization scheme in India

D.S. Selvakumar

Abstract


India has topped with largest consumers of gold, next to china in the world. Indians prefer buying gold in the form of jewellery and coins rather than bullion. So, central government has come up with three gold schemes namely GOLD MONETISATION SCHEME, SOVEREIGN GOLD BOND and INDIAN GOLD COIN. The main motive of these schemes is to reduce the requirements of gold through imports. About 20000 tonnes of gold are idle with Indian households, temples, etc which is not being traded or monetized in the form of jewellery. This study attempts to scrutinize the three gold schemes in detail with pros & cons and people awareness towards such schemes particularly in Vellore District , Tamilnadu

 

 


Keywords


Gold; Monetization; Gold Monetization; India

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IJME introduces peer-review from its first Edition onwards. The researchers submitting their papers for publication should review atleast one technical paper from their domain. The manuscript also undergoes mandatory procedural review with IJMES review and scholar panel.