Jewellers pitch bullion bank, revamped monetisation to cut gold imports 200-300 tonnes
Responding to PM Modi's call to curb gold buying, the All India Jewellers and Goldsmith Federation has proposed three measures—a dedicated bullion bank, overhauled gold monetisation schemes, and mobilising idle household gold—that could trim annual imports by 200-300 tonnes without forcing consumer sacrifice.
What happened
Amid PM Modi's call to curb gold buying, the All India Jewellers and Goldsmith Federation proposes a dedicated bullion bank and revamped gold monetisation
Key facts
- 200-300 tonnes
Why this matters
A dedicated bullion bank and reworked monetisation framework opens partnership and acquisition lanes around gold-backed financing, refining capacity, and household-gold aggregation platforms.