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Economics4h 22m ago
The Indian government is developing a new policy aimed at mobilizing domestic gold reserves into the formal economy and reducing national gold imports.
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India
Who
Indian government, Prime Minister Narendra Modi, RBI Governor Sanjay Malhotra
What
The Indian government is developing a new policy aimed at mobilizing domestic gold reserves into the formal economy and reducing national gold imports.
When
Sat, 13 Jun 2026 11:01:10 GMT · 4h 22m ago
Where
India ·
Why
Rising gold prices have become a major macroeconomic concern for India, increasing the import bill while the rupee is under pressure from a strengthening dollar.
The Frontline Impact
How this affects you
This policy could enable physical gold holders in India to access new ways to earn interest on their non-yielding assets, potentially reducing the country's reliance on foreign gold imports. However, the Reserve Bank of India has indicated it is not considering new gold monetization schemes.
Story chain
5 events in this thread- Economics4h 22m agoThe Indian government is developing a new policy aimed at mobilizing domestic gold reserves into the formal economy to reduce the national import burden.Open article
- Currently Reading4h 22m agoThe Indian government is developing a new policy aimed at mobilizing domestic gold reserves into the formal economy and reducing national gold imports.
- Economics4h 22m agoThe Indian government is developing a new policy to mobilise domestic gold reserves into the formal economy and reduce the national import burden.Open article
- Economics4h 22m agoThe Indian government is developing a new policy aimed at mobilizing domestic gold reserves into the formal economy and reducing the national import burden.Open article
- Economics4h 22m agoThe Indian government is developing a new policy aimed at mobilizing domestic gold reserves into the formal economy and reducing the national import burden.Open article