Browsing: Gold Monetisation Scheme

The All India Gem & Jewellery Domestic Council (GJC) has released its Mid-Year Bullion Trends 2026 report, highlighting historic movements in gold and silver prices, evolving consumer preferences, taxation concerns, policy reforms, and the outlook for India’s jewellery industry during the second half of the year.

A delegation from the All India Gem and Jewellery Domestic Council (GJC) met RBI Deputy Governor Shri Shirish Chandra Murmu to present the proposed Gold Monetisation Scheme (GMS). The proposal received appreciation from the RBI team and was acknowledged as a potentially transformative initiative for the gems and jewellery sector and the nation.

GJEPC has called upon industry stakeholders to submit urgent recommendations on gold monetization, CAD reduction, promotion of low-karat jewellery, old gold recycling, export incentives, and anti-smuggling measures as part of a consolidated industry proposal to the Government of India.

CA Surendra Mehta, National Secretary of IBJA, discusses the challenges around gold imports, Gold Monetisation Scheme (GMS), lending and borrowing regulations, and key government measures aimed at controlling CAD and reducing pressure on the rupee.

GJEPC has urged the Government to pursue sustainable solutions after the recent increase in gold import duty and Agri cess, highlighting the impact on MSMEs, exports, and working capital while proposing reforms to reduce import dependence and strengthen self-reliance.

Malabar Gold & Diamonds has proposed strategic reforms to India’s Gold Monetisation Scheme, supporting Prime Minister Narendra Modi’s appeal for responsible gold utilisation and encouraging greater recycling, reuse, and monetisation of domestic gold reserves.

GJC proposes a jeweller-integrated, digitally enabled Gold Monetisation Scheme in collaboration with RBI and Ministry of Finance to enhance transparency, efficiency, and gold mobilisation in India.