Centre discontinues Gold Monetisation Scheme, short-term deposits will continue
New Delhi, March 25 (IANS) The government on Tuesday announced to discontinue the medium term and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26.The Ministry of Finance said in a statement that banks may continue their short term gold deposit schemes (1-3 years).About 31,164 kilograms…
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