# Jewellers Propose 1% Incentive to Mobilise Household Gold 2026-08-06T23:45:36+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Indian jewellers could receive an incentive of 0.75% to 1% on old gold collected under a proposed revamp of the government’s Gold Monetisation Scheme. The proposal from the India Bullion and Jewellers Association would make jewellers the customer-facing channel, while banks retain the deposits. IBJA president Prithviraj Kothari said the plan aims to draw on nearly 30,000 tonnes of gold held by Indian households and reduce import dependence. The final incentive and implementation date have not been decided. The scheme, launched in 2015, now offers only one to three-year short-term bank deposits, after longer-term options were discontinued in March 2025. ## Coverage - economictimes.indiatimes.com Tags: Gold Monetisation Scheme, household gold, imports, jewellers, RBI Canonical: https://indianopinion.org/jewellers-propose-1-incentive-to-mobilise-household-gold/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/jewellers-propose-1-incentive-to-mobilise-household-gold/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.