More than 900 kgs of gold mobilised under monetisation scheme
By GCRU Gold News on Sunday, January 24 2016, 01:13 - Permalink
NEW DELHI: The central government has mobilised more than 900 kgs of gold under its gold monetisation scheme, a senior official said on Saturday.
"Gold Monetisation Scheme: More than 900 kgs gold mobilised so far. Scheme making steady progress. Expected to pick up in coming months," Shaktikanta Das, secretary economic affairs, Finance Ministry, tweeted.
According to the World Gold Council, an estimated 22,000-23,000 tonnes of gold is lying idle with households and institutions in India. The annual imports amount to around 850-1,000 tonnes valued at $35-$45 billion.
More than 900 kgs of gold mobilised under monetisation scheme