Gold Monetisation Scheme: 2% Interest Likely on Gold Deposits

New Delhi: The government is gearing up to launch the gold monetisation scheme around Diwali with an interest rate of 1.5-2 per cent on gold deposits, said a senior finance ministry official. As regards the sovereign gold bond scheme, the government aims to raise Rs 15,000 crore and the timing of the launch will be decided in consultations with the Reserve Bank. The interest rate on gold bonds, the official said, is expected to be ...