Jewellers want post offices to introduce systematic gold deposit collection

IBJA has urged the govt to maintain the current limit level of Rs 200,000 for cash transaction as per mandatory PAN limit

Bullion dealers and jewellers have urged the government to allow the post offices to start gold accumulation scheme to facilitate rural depositors keep their affinity towards bullion intact with the systematic deposit of small sum on a continuous basis.

In a pre-Budget recommendation submitted to the Union Finance Minister, the apex industry body the India Bullion and Jewellers Association (IBJA) said, “Gold deposit scheme must be started through post offices across Indian wherein gold recurring deposit account is credited with gold quality when depositors deposit the money in such account. Such gold accumulation plan will help investors to systematically invest