Metals & Mining #gold#monetization scheme
Gold traders seek tax safeguards to boost trust in new Gold Monetization Scheme
The Gold and Silver Merchants Association has urged the Indian government to address tax-related concerns under the proposed Gold Monetization Scheme (GMS) 2.0, citing fears of Income Tax scrutiny over inherited gold lacking purchase documents. The association calls for clear legal protection, simple KYC procedures, and direct involvement of jewellers to build public trust and reduce gold imports.
Jul 9, 2026 1 source