The Government of India has announced the discontinuation of the Medium-Term and Long-Term
Government Deposit components of the Gold Monetisation Scheme (GMS), effective from March
26, 2025. The GMS, introduced in 2015, aimed to reduce the country’s dependence on gold imports
by mobilizing idle gold held by households and institutions. The discontinuation may impact
strategies related to gold investment and import policies.
Discontinuation of Gold Monetisation Scheme Components in India
