Page 10 - Bullion World Volume 4 Issue 3 March 2024

Bullion World | Volume 4 | Issue 3 | March 2024

In total, there were six panel discussions and a fireside chat organized under the aegis of the conference, along with
multiple paper presentations by individual presenters, each of which saw high engagement and interaction from
members of the audience.
Briefly, the key topics of panel discussions among the main members are discussed below:

Panel I: "Beyond Lockers" "Strategies for India to leverage its household gold."
With around 30,000 tonnes of idle gold in Indian households, the deliberations engaged with the critical question of
how the household stock can be meaningfully leveraged for both the holders as well as the overall economy.

The members of the panel were:
1. Gaurav Mathur, CEO, Safegold
2. Kamlesh Sharma, CGM & Head, Department of Metals & Commodities, IFSCA
3. Mahendran K, Country Head, Precious Metals Division, Karur Vysya Bank
4. Shivaram A, Retail Business Expert
5. Rupa Dutta, I.E.S., Sr. Adviser DPIIT, Ministry of Commerce & Industry

The session, which P.R. Somasundaram moderated, yielded insightful solutions to quickening the circulation of gold
in the Indian economy, stressing improved collaboration with banks, faster methods of valuation that reduce value
erosion, and marketing efforts targeting more affluent Indians.

Panel II: Gold Value Chain - Integrating Global Best Practices with India-specific Policies
The members of this panel delved comprehensively into the entire gold value to evaluate how global best practices
can be best integrated with India-specific policies, keeping in mind the consumer trends, the market dynamics, and
the policy environment.

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