Page 12 - Bullion World Volume 4 Issue 3 March 2024

Bullion World | Volume 4 | Issue 3 | March 2024

The discussion was moderated by Sudheesh Nambiath, DMCC. The deliberation revolved around ideal management
practices and chain of custody norms, the associated costs, and their impact on the playing field. While there was
broad consensus on the role of OECD guidelines on responsible mineral supply in strengthening best practices, the
participants also observed the need for India-specific good delivery standards.

Panel V: "Gold Trends - Dynamicss in B2B and B2C Markets"
Reviewing a host of issues that prevent large trading in the Indian market was the following panel, which emphasized
specifically the role of technology in bringing forth a much-needed change:

The members of the panel were:
1. Keyur Shah, CEO-Precious Metals Business, Muthoot Pappachan Group
2. Shivanshu Mehta, SVP & Head Bullion, MCX & Director IIBX and IIDI
3. Mehul Thakker, Business Head-FI, FirstRand Bank Ltd
4. Archit Mishra, Promoter, Gullak Money
5. Pramod Mohan, Founder & Managing Director, Finmet

This session was moderated by Harish Chopra, the Vice President, IGPC, and concentrated on how technology
could be leveraged to promote the financialization of gold and adoption among a larger population. The panellists
noted its salience for retail investors and jewellers, especially for hedging and solutions to promote the circulation of
gold in the economy. +

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