Page 5 - Bullion World Volume 3 Issue 9 September 2023

Bullion World | Volume 3 | Issue 9 | September 2023

EDITORIAL

Dear Readers,

Dear Readers
Gold's dual role as a consumption and financial asset
underscores its significance. Hence, a unified approach
is imperative. National Gold Board could bridge the gap
in policy execution by assembling representatives from
various ministries such as finance, commerce, consumer
affairs and their arms such as RBI, DGFT, Customs
and BIS. This collaboration would infuse coherence
into decision-making, resolving delays resulting from
disjointed efforts.

Transparency, a cornerstone of market integrity, takes
centre stage in gold imports and domestic sales. With its centralised oversight, the Gold
Board can ensure openness in these operations, nurturing market credibility and investor
trust. Beyond transparency, this move reinforces India's position in the global gold market,
manages imports, boosts exports, and catalyzes infrastructure growth. This Board transcends
mere policymaking, fostering stability, sectoral growth, and inter-regulatory cohesion while
actively monitoring gold-related activities. By optimising policies, amplifying transparency,
and spurring comprehensive development, this initiative could propel India's gold industry
to unprecedented heights. It's time to establish a synchronised and transparent approach,
solidifying India's stature in the global gold arena.

This edition of Bullion World contains the first part of highlights of the recently concluded
India Gold Conference 2023. Additionally, the Shanghai Platinum Week is also been a
coverage. A detailed speech from Mr David Tait, CEO of World Gold Council at IGC, titled
Transforming the gold industry: A vision for the future details the holistic view of the industry.
A brief detailing on the Karigar Upliftment Program and an abstract of the work done by
Swarna Adarsh Abhiyaan team at the recently concluded IIJS B2B Jewellery exhibition held
in Mumbai finds space in the magazine

We would be happy to receive your comments and feedback on the content of this edition.
Please write to editor@bullionworld.in

Best wishes,
G Srivatsava
Editor

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