Prime Minister has launched three Gold schemes on 05th
November 2015 to increase circulation of domestic gold in the market.
1. Gold Monetization Scheme
2. Indian Gold Coin and Indian Gold Bullion
3. Sovereign Gold Bond 2015-16 or Gold Bond
Gold Monetization Scheme is
related to channelize the domestic gold kept in the lockers in to the market
through collection agencies and providing equivalent gold credits in the bank
alongwith a certain interest rate. Person wishing to lend gold may go to the
collection centers where purity shall be checked and then equivalent gold
credits may be deposited in hi/her bank account and the person shall have the
option to convert in cash or receive interest on the same or get the gold bar
of that much quantity. For more information regarding features, locations and
other investment aspects, read more
Indian Gold Coin is a Government
Coin marketed by MMTC which is first coin in India to have BIS standard
hallmarking. It is the only coin in India to have Ashoka Chakra on one side and
Father of nation, Mahatama Gandhi, on the other. The coin is having various
security features in its packaging which prevent it from being replicated. The
coin is initially available in 5gm, 10gm and 20gm bar. For more information regarding
features, locations and other investment aspects, read more
Sovereign Gold Bond is being
promoted by RBI, where in the person will be having an option to purchase the
gold bond at the market rates. These bonds may be converted in to demat form as
well. The bond shall have a tenor / maturity period of 8 years and have an exit
option from 5th year. The person shall also receive the interest @
2.75% per annum on the initial investment. For more information regarding
features, locations and other investment aspects, read more
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