Neutral impactCommodity
MMTC PAMP calls for better Gold Monetisation Scheme
Economic Times 5 hrs ago·19 Aug 2026, 7:47 pm
MMTC PAMP has urged the government to enhance the Gold Monetisation Scheme (GMS). The company argues that a more attractive scheme could encourage households to deposit their idle gold, thereby boosting domestic recycling.
This move is significant for investors as it aims to reduce India's heavy reliance on gold imports. By increasing domestic supply, the initiative could help narrow the current account deficit and improve the country's trade balance.
Looking ahead, the focus will be on the government's response to these proposals. Any policy changes or incentives introduced to make the GMS more appealing could unlock new opportunities within the domestic gold market.
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Key takeaways
- Concerns Mmtc (MMTC).
- Category: Commodity.
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