–The Pan India Platform of Bullion Trade and Industry
Anjani SinhaPresidentIndian Bullion Market Association Ltd.
Issues Related To Bullion Trade & Industry
IBMA: An Introduction
•IBMA : The Indian version of LBMA•Develop a pan India Institution for helpingthe bullion trade and industry•To be a national forum for resolving allmatters relating to bullion trade andindustry•To interact with the Government, RBI, etc.regarding policy decisions affecting bulliontrade
•India :–Largest importer–Largest consumer–Largest exporter of Jewellary–Largest Household stock•Size of Bullion trade more than Rs. 3000 billionp.a.•Size of Household stock Rs. 30000 billion•Still India does not play a dominant role in pricediscovery….Why?