The government has proposed the provision a link between the gold ETF and the gold deposit scheme. The objective is to unfreeze or release a part of the gold physically held by mutual funds under gold ETFs and enable them to deposit the gold with banks under the Gold Deposit Scheme.

The advantage will be that a part of the gold lying in stock would be brought into circulation and would partially meet the requirements of the gems and jewellery trade.

We're sure this all-but-literal announcement that they plan to raid the ETF will drum up lots of retail business for those vehicles .

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