Budget 2018: Soon, a policy to develop gold as an asset class

Last Updated: Thu, Feb 01, 2018 15:12 hrs
Gold (Reuters image)

New Delhi: 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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