IBJA Proposes Up to 1% Incentive for Jewellers Under Revamped Gold Monetisation Scheme

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Finance

6 August 2026 at 8:01 pm

IBJA Proposes Up to 1% Incentive for Jewellers Under Revamped Gold Monetisation Scheme

HyperFast News

Summary

Indian jewellers may receive an additional 0.75%-1% commission under a proposed revamped Gold Monetisation Scheme (GMS) by the India Bullion and Jewellers Association (IBJA). This incentive aims to encourage jewellers to actively promote the scheme by collecting old gold from customers and passing it to refiners.

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