Gold monetisation scheme: One can deposit as low as 30 grams

The government on Tuesday released draft guidelines on gold monetisation scheme to mobilise the gold held by households and institutions.

Zee Media BUreau

New Delhi: The government on Tuesday released draft guidelines on gold monetisation scheme to mobilise the gold held by households and institutions.

As per draft guidelines, minimum amount that a person can deposit under gold monetisation scheme is proposed at 30 gram and interest rate will be decided by banks.

The gold scheme will be exempted from capital gain tax, and income tax.

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