Page 7 - Bullion World Volume 4 Issue 7 January 2024
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Bullion World | Volume 4 | Issue 7 | July 2024
































                                                               Analysts also expect  platinum to outperform
                                                               palladium. In terms of demand, Vietnam has shown
                                                               a steep increase in demand for gold at 55 tons in
             EDITORIAL                                         2023 and a potential 60+ tons in 2024. E-com trend
                                                               in Malaysia and  Thailand  is interesting. Although
                                                               domestic demand in Australia is small, the impending
                                                               salary revision in government services is expected to
                                                               boost demand for gold in the short term.
             Dear Readers
                                                               Thailand  is rapidly logging  on  to  ESG and  other
             Congratulations to the newly elected board of the   sustainable way of doing business  as it aspires to
             India  Bullion and  Jewellers Association (IBJA)  for   increase its exports. Laos is on the path to reforming
             the  term 2024-2029. The  IBJA board  comprises   the bullion sector. As a first step, it aspires to refine its
             members from various sectors including exporters,   gold. Returns from gold in Japan (in local currency)
             loose diamond and diamond jewellery, bullion and   is one of the most spectacular ones in recent times,
             refining,  jewellery  manufacturing  and  wholesale,   thanks to the  twin  effect  of gold  price  increase in
             hallmarking agencies, retail jewellers, and coloured   USD and Yen depreciation against USD. Most Asian
             stone  jewellers. In the  apex  leadership team, Shri   countries  did not  experience major selling when
             Prithviraj  Kothari ji gets re-elected as the  national   gold prices shot up to its all-time high this time.
             president while Ms. Aksha Mohit Kamboj, Executive   Some  interpret this as a change in retail investors
             Chairman of Aspect Global Ventures  Pvt Ltd, gets   belief in gold's long-term potential.
             elected as the first woman National vice-President.
             Best wishes to the new board.
                                                               In this edition of Bullion World, you'll find highlights
                                                               from  the  Asia  Pacific  Precious  Metals  Conference
             The  7th  edition  of  Asia  Pacific  Precious  Metals   2024. It also features  expert articles  by Ms. Soni
             Conference 2024 concluded  last month. SBMA       Kumari  from  ANZ  Research  who  talks  about  the
             launched "Forward SBMA 2030" programme towards    Underappreciated metal and Mr. Arjun Khazanchi
             making Singapore the epicentre for precious metals   from Rooba Finance, who explains the world of
             in the APAC region. World Gold Council inaugurated   tokens.  The  webinar  conducted  by  IBJA  with  Mr.
             the Asia Chapter of the RGIP initiative in Singapore.   James  Jose has  been transcribed. Kallanish  Index
             Market analysts and gurus were unanimous in their   Services provides the latest premiums and discounts
             bullish outlook for  gold,  driven by  central  bank   for the ASEAN market. Additionally, there is a report
             purchases,  high  inflation  expectations  and  geo-  on the recently concluded Silver Show of India.
             political tensions.

                                                               Best wishes,
                                                               G Srivatsava
                                                               Editor




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

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