Can you earn interest on your unused gold? Yes, with the Gold Monetization Scheme. The Gold Monetization Scheme (GMS) is a program launched by the Government to mobilize gold from households and institutions and put it to productive use. Here's how it works: 1️⃣Deposit gold in various forms (jewelry, bars, coins) 2️⃣Gold is tested for purity and weighed 3️⃣ Earn interest on your gold deposit, credited periodically. Benefits include: 1️⃣ Earn interest on unused gold 2️⃣ Reduce making charges on redemption 3️⃣Tax benefits: exempt from tax and no capital gains tax Eligibility: The scheme is open to resident Indians, including individuals, trusts, and institutions. Did you know about this scheme ❤️Yes 👍No