Page 18 - Bullion World Volume 3 Issue 4 April 2023

Bullion World | Volume 3 | Issue 4 | April 2023

workshop covering various export gold mining, the latest update on of developing the gold trade in India.
promotion schemes through a the challenges and opportunities The sheer scale and diversity of
presentation, followed by a detailed concerning gold mining auctioning attendance is a testament to the
deliberation on how IIBX can be was also presented. A unique study high-quality content and engaging
integrated for the supply of gold to on gold consumption in the Muslim discussions. IGPC-IIMA was glad to
the exporters. community of Malabar showed be able to provide a platform where
gold as a quasi-currency used as the industry got the opportunity
Paper presentations a pawn for loans, gifts, capital, and to interact with the regulators and
The presentations covered a range hedge against unknown risks. It policymakers from IFSCA, RBI,
of topics pertaining to the gold was interesting to know that Kerala, Department of Economic Affairs,
markets. The first presentation with 2.5% of India's population, Department of Revenue, and
stressed the potential of the consumes about 14% of gold in leading associations like IBJA,
gold manufacturing industry for India. GJC, GJEPC, AGRM, nominated
employment generation. The role of agencies, Pahle India Foundation,
gold as a safe haven in its various Summary World Gold Council, etc. and to listen
forms with other asset classes during In all, the conference brought to presentations of interest from
COVID-19 was also exposed. The together 41 speakers, all stalwarts academics There were important
presentation segment also touched in their respective fields and a takeaways from the conference
upon the various factors that affect few not so common across this that the industry needs to work on
the sale and purchase of gold. The ensemble, to deliberate on a range collectively.
role of various macroeconomic and of topics. In addition, 15 research
financial conditions that determines scholars with quality gold-focused Overall, the IGPC-IIMA 6th Annual
the domestic discount and premiums paper presentations on various Gold Conference 2023 was a
of gold was discussed by two relevant topics, many of them having remarkable event that brought
presenters. A novel strategy to the potential to be taken up as together diverse perspectives on the
sell gold jewellery by leveraging comprehensive research, which the gold trade in India. The discussions
consumer perception of its art factor industry can take benefit of. and presentations will undoubtedly
was also suggested. Much of the help develop the gold trade and its
studies focused on the role of gold What set this conference apart was related industries.
as a safe asset during crisis events, the diverse range of perspectives
against cleaner investment risk and exchanged on the same platform
equity shocks. Despite India's limited constructively, all in the best interest

Source:ACE Mutual fund, moneycontrol.com

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