PM Modi Launches Gold Schemes, Coin with Ashok Chakra

New Delhi: Prime Minister Narendra Modi on Thursday launched three ambitious schemes to reduce the physical demand for gold and fish out 20,000 tonnes of the precious metal worth $800 billion or Rs 52.4 lakh crore lying idle with households.  The Gold Monetisation Scheme (GMS), 2015 will offer option to resident Indians to deposit their precious metal and earn an interest of up to 2.5 per cent; while under the Sovereign Gold Bonds S...