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India Union Budget 2018 Top Highlights: Policy to develop gold as an asset class, says Arun Jaitley

"The government will also establish a system of consumer friendly and trade efficient system of regulated gold exchanges in the country," Jaitley said.

Reported by: IANS, New Delhi [ Published on: February 01, 2018 15:23 IST ]
Policy to develop gold as an asset class, says Jaitley

Finance Minister Arun Jaitley on Thursday said the government would formulate a comprehensive Gold Policy to develop the precious metal as an asset class.

The government had been planning to formulate a Gold Policy for long to set standard norms in the industry.

"The government will also establish a system of consumer friendly and trade efficient system of regulated gold exchanges in the country," Jaitley said while announcing the Union Budget 2018-19.

Talking about government's Gold Monetisation Scheme, he said it would be revamped to enable people to open a hassle-free Gold Deposit Account.

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