Gold Monetization Schemes : 25 Salient Features..!

Gold Monetization Schemes : 25 Salient Features The Gold Monetization Scheme deposited gold will be utilized in the following ways: ·   Under medium and long-term deposit •    Auctioning •    Replenishment of RBIs Gold Reserves •    Coins •    Lending to jewelers ·   Under short-t…

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Sovereign Gold Bond Scheme Vs Gold ETFs Vs Gold Savings Mutual Funds..!

The Budget 2015-16 first proposed Sovereign Gold Bond Scheme – an investment scheme where investors could buy gold in the form of Gold Bonds from Government of India (GOI).  Indians love Gold and the idea is to give an alternative to investors who invest in Physical Gold. Th…

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Sovereign Gold Bond Scheme : 18 Salient Features

The central Budget 2015-16 first proposed Sovereign Gold Bond Scheme – an investment scheme where investors could buy gold in the form of Gold Bonds from Government of India (GOI). Indians love Gold and the idea is to give an alternative to investors who invest in Physical G…

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Unravel the secrets of ancient masterpieces with NAC’s Rewind Collection

Brand ambassador, Ms. Trisha unveils the antique jewellery line up in the refurbished lounge at Mylapore store NAC Jewellers, a trusted jewellery brand in India, today unveiled its Rewind Collections in its refurbished Antique Lounge across its showrooms. The range will show…

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India Ratings : Gold price to fall by 10% to 25%

India Ratings and Research (Ind-Ra) has maintained a negative outlook on domestic gold prices for FY16. The agency believes movements in gold prices will largely depend on the US’ interest rate decision. In the event of a US rate hike, global gold prices could drop and range…

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Gold Fund Should Not Be the Major Holding in A Investment Portfolio..!

by Mr. Srikanth Meenakshi, FundsIndia.com Gold is a good investment instrument to bring about asset class diversification in a investment portfolio. However, it cannot be a sole holding in a portfolio or even the principal holding. This is because over long terms, gold has n…

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INVITING COMMENTS ON THE DRAFT GOLD MONETIZATION SCHEME

INVITING COMMENTS ON THE DRAFT GOLD MONETIZATION SCHEME The Finance Minister in his budget speech for the Union Budget 2015 - 16 made the following announcement: "India is one of the largest consumers of gold in the world and imports as much as 800-1000 tonnes of gold …

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Draft Gold Monetization Scheme...!

Draft Gold Monetization Scheme Objective  The objectives of the Gold Monetization Scheme (GMS) are: i. To mobilize the gold held by households and institutions in the country. ii. To provide a fillip to the gems and jewellery sector in the country by making gold available as ra…

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How to Make Gold Monetisation Scheme Work..?

by Mr. Harsh Roongta, Apnapaisa.com The proposed Gold Monetisation Scheme (GMS) needs to avoid the lacunae in the existing Gold Deposit Scheme (GDS), which could garner only 15 tonnes. A lot of issues with the GDS had to do with incentives to a bank for this scheme. Conceptu…

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