
Government Ends Gold Monetisation Scheme: What’s Next?
The Indian government has decided to end the Gold Monetisation Scheme (GMS) due to rising gold prices. The Ministry of Finance announced that from March 26, 2025, medium- and long-term deposits under this scheme will no longer be accepted. However, short-term deposits will still be managed by banks based on their commercial viability. This decision comes after assessing the scheme's performance in changing market conditions. Since its launch, about 31,164 kg of gold has been mobilised, with a significant portion coming from individual depositors and trusts. This closure follows the earlier halt of sovereign gold bonds, reflecting the government’s response to the soaring gold prices.