Page 5 - Bullion World Volume 3 Issue 4 April 2023

Bullion World | Volume 3 | Issue 4 | April 2023

EDITORIAL

THE WORLD’S MOST

CONSIDERATE PRECIOUS METALS Dear Readers,
®

We kick off a new financial year with a Hindu festival Akshaya
Tritiya right around the corner, which is considered an
auspicious festival for Hindus as well as Jains across India and
Nepal for new ventures, marriages, expensive investments
such as gold or other property, and any new beginnings.

The month of March saw a rebound in India's gems and
jewellery exports, helped by the Middle East and Chinese
markets' quick recoveries. The total value of gem and
jewellery exports increased by 24% in February-March 2023
to 28832.86 crores from 23326.80 crores during the same
month last year. The total gross export of Gold Jewellery
(Plain & Studded) grew 29.89% to 5829.65 crores as compared to 4488.30 crores for the same period
last year.

On the International front, Swiss gold shipments to China quadrupled from January's level to around
58 tonnes last month, up 63.1% from the same month previous. Strong international gold prices
supported by unexpected Western banking crisis, geo-political threats and investor panic. Global
central banks witnessed no dearth for dollars after uniting with the Federal Reserve to ease access
to supplies of the US currency, an indication the latest bout of banking turmoil may not be causing
undue stress to the financial system.

In this edition, Dr Marie-Lena Harwardt and Mr Martin Danz from Heraeus have given us insightful
information about the highly effective antimicrobial technology based on precious metals, while Mr
Harish Chopra has provided an excellent overview on the recently concluded IGPC Annual conference
at the India Habitat Centre, New Delhi. Mr Vikram Dhawan of Nippon India Mutual fund has expressed
his views on India's growth and demand for silver ETFs. We bring to our readers the snapshots of the
recently concluded IIBS Conference 2023 and the Prospectors & Developers Association of Canada,
held in Toronto, Canada.

Do you have any exciting stories to share? Please write to us at editor@bullionworld.in. It can be in the
Indian or Global precious metals and jewellery industry.

Best wishes,
G Srivatsava
Editor

Learn more
abcbullion.com/considerate

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