IBJA seeks up to 1% jeweller incentive in revamped gold monetisation plan
The India Bullion and Jewellers Association has proposed a 0.75%-1% commission for jewellers collecting customer gold for refiners under a revamped Gold Monetisation Scheme. Senco Gold & Diamonds says the move could lift customer engagement and festive-season footfall, though rollout timing is uncertain.
IBJA has proposed a revamped Gold Monetisation Scheme that would pay jewellers 0.75%-1% for collecting customer gold and passing it to refiners. Senco Gold says participation could increase footfalls and customer engagement ahead of the festive season.