Page 8 - Bullion World Volume 3 Issue 11 November 2023

Bullion World | Volume 3 | Issue 11 | November 2023

IGC 2023: Highlights Part 3
Day 2 Session 1:

Bullion Markets and Trade in 2022-23

Mr Shivanshu Mehta, MCX (Left) Mr Haresh Acharya, Parker Precious Metals LLP,
Mr Chirag Thakkar, Amrapali Industries, Mr Harish Chopra, IGPC - IIMA (Chair),
Mr Anurag Rastogi, IBJA, Mr Anshuman Sharma, StoneX,
Mr Ravi Ramakrishnan, JP Morgan, and Mr Mohammad Ayyob, Sam Precious Metals (Right)

Mr Harish Chopra, IGPC – IIMA the prolonged period of gold price
This session will focus on the Bullion discounts, making physical trading
industry and the state of the Gold unfeasible for the supply chain.
Bullion trade in the past two years.
We have a panel of industry experts Some reasons behind these
who will share their thoughts and discounted prices may include lower
insights on the industry. In the demand, de-stocking by jewellers,
financial year 2022-2023, India and the influx of illicit gold into the
imported a total of 697 tonnes, which country.
was 23% lower than the previous
year. However, this was expected
due to the high gold imports of over
1000 tonnes in 2021. The concerning
aspect in the Indian context was
Mr Harish Chopra

8