Gold savings accounts likely to check widening current account deficit

The government is trying to put in place a national gold policy that can efficiently connect all stakeholders of the gold value chain and help in creating a robust gold ecosystem in the country. If the gold savings account is introduced it will be a step towards it. Customers can open such gold accounts in banks and put in money on a regular basis, the sources said. They can withdraw the deposit at the prevailing gold price at any time, they said.
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