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Home / Markets / Commodities / Budget 2019: Gold spot exchange, changes in GMS on cards, says document

Budget 2019: Gold spot exchange, changes in GMS on cards, says document

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Rajesh Bhayani Mumbai

Last Updated : Feb 01 2019 | 10:20 PM IST

Government is considering a proposal for the setting up of a gold spot exchange under a comprehensive gold policy, a document on the implementation of 18-19 budget proposals stated. The document also stated that Broad guidelines for amendment of Gold Monetisation Scheme has been prepared and is under consideration.

While the new comprehensive gold policy has been discussed for quite a while, the government has, for the first time, formally stated that the gold monetisation scheme is being amended. The scheme announced in November 2015 to mobilise idle gold lying with Indian households has been a failure so far, with

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