Jewellers can now repay part of loan in physical gold

The RBI on Wednesday asked banks to provide an option to jewellery exporters and domestic manufacturers of gold jewellery to repay a part of Gold (metal) Loans (GML) in physical gold. As per the......

Gold loan business is shining as regulatory scrutiny of sector grows

In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. Illustration: Dominic......

Govt proposes to introduce redeemable gold bonds

  To curb gold imports and monetise large idle stocks of the precious metal, Finance Minister Arun Jaitley today announced three schemes, including redeemable gold bonds which will carry a......

Gold monetisation scheme to help cut loan rates

The gold monetisation scheme and gold bond schemes are expected to trigger fresh competition in the business, say experts As the gold monetisation scheme is all set to start from Thursday,......