India's cabinet on Wednesday cleared the launch of a sovereign gold bond as an alternative to buying the metal, a government source said, a move that seeks to trim demand for the metal that the country imports heavily. Prime Minister Narendra Modi's cabinet also approved a so-called gold monetisation plan to mobilise tonnes of the metal stored in households and temples. More details were expected from a news conference after the cabinet meeting. Read more at: http://economictimes.indiatimes.com/articleshow/48883021.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst