Page 7 - Bullion World Volume 4 Issue 7 January 2024

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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