Malabar Gold & Diamonds pushes for Gold Monetisation Scheme reforms. The jeweller submitted proposals to Finance Minister Sitharaman and Commerce Minister Goyal, advocating for stronger policy support to mobilise India's estimated 25,000 to 35,000 tonnes of idle household gold. India currently imports 700 to 800 tonnes annually, draining significant foreign exchange and pressuring the current account deficit. The company emphasises that recycling and monetising domestic gold through scheme enhancements could reduce import dependency and strengthen economic resilience. Current participation remains limited due to longer lock-in periods and procedural challenges. Integration of organised jewellers and improved redemption flexibility are key recommendations to unlock India's substantial gold resources.
