Here is a primer on some government gold schemes, viz., Sovereign Gold Bond Scheme, Gold Monetisation Scheme and gold coins.
Indians' love for gold is well known. However, it is a significant contributor to the current account deficit. Given this, the Indian government has come up with Sovereign Gold Bonds, the Gold Monetisation Scheme and gold coins. Let's look at them, one by one.
This article was originally published on December 20, 2021.
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