🚨 BIG NEWS for Gold Investors! 🚨 The Government is shutting down the Gold Monetization Scheme (GMS) from March 26, 2025! 😱 But why? 🤔 And what happens to your gold deposits? Let’s break it down 👇 🔑 What is GMS? Launched in 2015, the Indian government introduced the Gold Monetization Scheme (GMS) to reduce India's import dependency by turning household gold into productive assets. 🏠💰 💎 How it Worked: Depositors could place their gold in banks and earn interest. There were 3 types of deposits: Short-Term (1-3 years) 🕒 Medium-Term (5-7 years) ⏳ Long-Term (12-15 years) ⏳ 💡Key Rates 💡 Short-Term: Interest determined by banks 💼 Medium-Term: 2.25% 📉 Long-Term: 2.50% 📈 👋 What’s Changing? The Government is discontinuing the medium and long-term deposits, but short-term deposits will still be accepted. 💼 What About Existing Deposits? Don't worry, your current deposits will still be honored under the pre-existing terms! 🙌 📉 Why the Change? Unfortunately, not enough people participated in the scheme. Only 5,693 people joined since its launch, depositing just 31,164 kgs of gold until Nov 2024! 😬 💰 Gold Prices Soared! Gold prices skyrocketed, increasing 41.5% from ₹63,920 in January 2024 to ₹90,450 by March 2025, making it hard for the government to pay depositors. 😳 What do you think about this decision? 🤔 Drop your thoughts in the comments below! 💬 #GoldMonetizationScheme #Gold #Investment #IndianGovernment #GoldDeposits #InterestRates #GoldPrices #ShortTermDeposit #MediumTermDeposit #LongTermDeposit #Finance #WealthManagement #Telugu #TeluguReels #TeluguShort #FinanceExplained #InvestSmart #GoldInvesting #GovernmentPolicy To watch the best videos on investing in తెలుగు, Subscribe to Groww Telugu Channel 👉 https://bit.ly/39aLpwC and hit the 🔔 to watch our videos first. Follow us on: Facebook: https://www.facebook.com/GrowwTelugu Twitter: https://twitter.com/_groww Instagram: https://www.instagram.com/groww.telugu/ LinkedIn: https://in.linkedin.com/company/groww.in Telegram: https://t.me/GrowwHQ Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes. RA Disclaimer Link - https://groww.in/p/sebi-research-analyst-regulations If you have any concerns with respect to Groww, please feel free to write to us at support@groww.in or you can call us at +91 9108800000.