RBI made changes in Gold Monetisation Scheme

  • On 9 January 2019, the RBI made some changes in Gold Monetisation Scheme (GMS).
  • Apart from the individual and joint depositors, GMS has been extended to charitable institutions, Central Government, State Government or any other entity owned by the Government.
  • The government of India had launched the GMS in 2015 to mobilise the gold held by households and institutions in the country.