GBS, GMS may help gold imports fall 5% in next 12-18 months: ICRA

Gold imports are likely to decline by up to 5 per cent over next 12-18 months due to the proposed launch of Gold Bond Scheme (GBS) and Gold Monetisation Scheme (GMS), rating agency ICRA said today. The overall impact of the GBS and GMS schemes is likely to be moderately positive on Indian gold imports over the medium term with imports expected to decline by 3-5 per cent over the next 12-18 months, the rating agency said in a report....Read More