Indian jewellers have a chance to earn extra 1% profit | TheBriefWire
Indian jewellers have a chance to earn extra 1% profit
Published 6 August 2026 ยท india
Synopsis Indian jewellers could earn an additional 0.75%-1% commission under a revamped Gold Monetisation Scheme (GMS) proposed by the India Bullion and Jewellers Association (IBJA)
Synopsis Indian jewellers could earn an additional 0.75%-1% commission under a revamped Gold Monetisation Scheme (GMS) proposed by the India Bullion and Jewellers Association (IBJA). Under the proposal, jewellers would collect customers' old gold, pass it to refiners and receive a direct incentive, encouraging them to actively promote the scheme.
Published: August 6, 2026 โข 1:41 PM IST ยท Updated: August 6, 2026 โข 6:14 PM ISTBy TheBriefWire Editorial Team
Key points
Synopsis Indian jewellers could earn an additional 0.75%-1% commission under a revamped Gold Monetisation Scheme (GMS) proposed by the India Bullion and Jewellers Association (IBJA).
Under the proposal, jewellers would collect customers' old gold, pass it to refiners and receive a direct incentive, encouraging them to actively promote the scheme.