Govt. of India has launched Gold Monetization Scheme on 5th Nov.2015. BIS has played an important role in finalization and implementation of the Gold Monetization Scheme in association with Department of Economic Affairs and Reserve Bank of India. Under the Gold Monetization Scheme, Assaying & Hallmarking (A&H) Centres recognized by BIS have been qualified to act as Collection and Purity Testing Centres (CPTC). So far 48 A&H centres and 01 Jeweller have been qualified to act as CPTC. The gold collected by CPTCs is to be refined by refineries licensed by BIS. So far Licenses have been granted to twenty three refineries.