The Reserve Bank of India is planning to set up a panel to suggest a roadmap to tap into India's gold holdings reports CNBC-TV18's Siddharth Zarabi.
RBI and the finance ministry have discussed various possibilities and are considering four different instruments. India's gold holdings exceed 18,000 tonnes and have a market value of over $900 billion.
Gold bonds would help in reducing the weakness of the rupee.
The panel is expected to present its report in a couple of weeks.