·      Jewellers are eager to participate in the Gold Monetization Scheme that has been launched by the Centre.

·      Around 22,000 tonnes of gold is lying idle in Indian households & 20,000 jewellers are planning to approach the RBI to involve them in the scheme.

·      Under the scheme people can bring gold to the banks which will determine the purity & exact quantity of the gold & the depositors will earn interest for the depositors.

Views:

·      If gold enters the market it will help in keeping the Current Account Deficit under control.

·      Involving the jewelers in the scheme will be able to leverage their long standing relations with consumers to unlock household gold.