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Govt withdraws gold monetisation scheme, short-term deposits to continue

March 26, 2025 Personal Finance

This decision comes after a comprehensive review of the scheme’s performance and evolving market conditions

The Union Finance Ministry on Tuesday announced the discontinuation of the medium and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS) from March 26. 
 
This decision comes after a comprehensive review of the scheme’s performance and evolving market conditions, according to the finance ministry statement.

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