<h1>Gold Monetization Schemes enable gram denominated deposit accounts, refined gold lending to jewellers, and structured redemption and interest rules.</h1> Introduction of a Gold Monetization Scheme creating gram denominated Gold Savings Accounts, authorised collection and purity testing centres, tripartite bank refiner testing centre agreements, and defined short, medium and long deposit tenors with stated redemption and interest rules; deposited gold to be utilised for auctions, reserve replenishment, coins and lending to jewellers; a Gold Reserve Fund will absorb price risk and receive the spread between government borrowing cost and deposit rates; a revamped Gold Metal Loan facility will supply refiners' gold to jewellers against bank maintained gram denominated loan accounts.