Indian jewellers may soon be presented with another access to gold apart from banks, as Diamond India (DIL) plans importing over 100 kg of gold in the country next month, reports say. DIL is a conglomerate of 58 diamond manufacturers set up for direct import of rough diamonds and was authorised by RBI last year to import gold, reports add.

DIL’s initiative would assist the jewellery exporters in remote areas with easy and timely access to the metal. It would offer to sell gold along with loan schemes wherein the premium would be more competitive than that charged by banks who import gold on consignment basis.

DIL at present is formalising its tie-ups with international suppliers and couriers with bonded warehouses in the country, for its gold imports, reports add.