On 13 May, the finance ministry held a meeting to review the progress of two gold-based schemes—Gold Monetisation Scheme and Sovereign gold bonds. Representatives of public and private sector banks, Reserve Bank of India (RBI) and Bureau of Indian Standards (BIS) were also present, according to a 16 May press release. The aim of the meeting was to make the two gold schemes more popular. Of the two schemes, gold bonds are tradable. The fourth tranche of these bonds will soon be open for investments, and trading will start by the end of May.
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