Finance Ministry said Gold Monetisation Scheme is purely voluntary for individuals and institutions, and they can take their own decision to monetise the gold held by them. In a statement, Finance Ministry yesterday said that the objective is to monetise the idle gold held within the country and promote financial savings. <br/><br/>The ministry was reacting to media reports that the government will intervene directly to monetise gold held by charitable, religious and other institutions.<br/> <br/>Ministry said good part of the Scheme will also be made available to meet domestic requirement of gold. This will help in reducing our gold imports and save foreign exchange and deal with the problem of the current account deficit.<br/> <br/>Last month, RBI Governor Raghuram Rajan had spoken of the need for some fine-tuning of the scheme. The country has over 20,000 tonnes of idle gold worth over 52 lakh crore rupees with households and institutions.