GOLD NEWS

GJEPC Holds Special Session on Bullion Import and Gold Price Hedging

Thu Dec 26 2024

GJEPC recently convened a special session on the import of bullion and strategies for hedging gold price risks through the India International Bullion Exchange (IIBX). It was attended by 35 participants comprising jewellers, bullion dealers, and TRQ holders.

The session was led by Mr. Ashok Seth, Regional Chairman-Northern Region, and Mr. Antar Pal Singh, Member of the Regional Committee. Mr. Mukesh Sharma, Head of Business Development for North India and Maharashtra at IIBX, presented an insightful overview of IIBX, detailing its facilities specifically designed for qualified jewellers and TRQ holders. He explained the concept of “Qualified Jewellers” and shed light on the India-UAE CEPA, which enables exporters to access 1% subsidised gold for export purposes.

Mr. Sanjeev Bhatia, Regional Director – North, GJEPC emphasised the seminar’s role in empowering members involved in gold trading and encouraging them to explore the opportunities offered by IIBX.

Source: https://gjepc.org/