Gold prices have rallied spectacularly during 2004, 2005 and 2006 on the back of several bullish factors such as the state of US economy, crude oil price spurt, unabated demand for jewellery and last but the least, the emergence of new demand
center in the form of
ETF. However, much against these spectacular price rallies (over 20% in 2005 and 2006), prices have hardly moved up by about 2% in the first half of 2007. Is it the end of bull rally in gold or is it the lull before
The launch of Exchange Traded Fund in gold in India has been an important milestone. As anticipated, the response has been gradual. Having said thus, a slew of new participants are planning to enter this space. Would it lead to a reduction in demand for jewellery in India? Would it dawn a new era of “Gold as financial instruments of choice for every Indian”?
While Gold ETF is emerging on the horizon, bullion coins and medallions business is also growing by leaps and bounds. The number of banks that have taken to this business is a proof of the demand for such
Lastly, the most path-breaking development in the recent times has been the emergence of commodity derivatives markets. MCX has shown that given the right product-market proposition and the governance structure, Indian exchanges could deliver world-class solutions on risk management. Is it time to extend the magic of market to spot markets
The above are some of the issues that are exciting every participant involved with bullion and jewellery trade. Such issues have multiple dimensions and ramification, which only experts can clarify and guide.
Welcome to India International Gold Convention 2007, to explore the possibilities, to get an in-depth view on the current scenario and to plan and prepare for future. Needless to mention, networking with the best in business comes naturally.