Malabar Gold pushes changes to Monetisation Scheme to bring idle gold back into circulation

Published on 12 May 2026

Flexible redemption and lower deposit limits could shift participation

Malabar Gold & Diamonds has backed Prime Minister Narendra Modi’s push for responsible gold use, urging an overhaul of the Gold Monetisation Scheme. The jeweller wants higher public participation and more mobilisation of idle gold by integrating organized jewelers, lowering minimum deposit quantities, and introducing flexible redemption options to reduce import dependence and support India’s economy.

Malabar Gold backs Modi’s responsible gold use message
It wants organised jewelers included in the monetisation process
Minimum deposit quantities should be lowered to widen participation
Flexible redemption could reduce import dependency

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Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Malabar Gold pushes changes to Monetisation Scheme to bring idle gold back into circulation

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