Finance Minister Arun Jaitley on Thursday said the government would formulate a comprehensive Gold Policy to develop the precious metal as an asset class.
The government had been planning to formulate a Gold Policy for long to set standard norms in the industry.
"The government will also establish a system of consumer friendly and trade efficient system of regulated gold exchanges in the country," Jaitley said while announcing the Union Budget 2018-19.
Talking about government's Gold Monetisation Scheme, he said it would be revamped to enable people to open a hassle-free Gold Deposit Account.
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