Branch2 Intelligence
Jewellers may be louped in for idle gold mobilisation
Key takeaway
India's revamped Gold Monetisation Scheme may include jewellers as collection centres, mobilising idle household gold.
- Step 11st-order: Government proposes jewellers as gold collection centres under revamped Gold Monetisation Scheme.
- Step 22nd-order: Jewellers earn handling fees and see increased footfall; banks receive more gold deposits and lending fees.
- Step 33rd-order: Reduced gold imports improve India's current account deficit and may lower domestic gold prices.
Source: IN:Economic Times
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