India Gold Market Potential and Future Trends
Explore the upcoming prospects in the Indian gold market, including insights from key figures like the Country Head of Precious Metals Division at Karur Vysya Bank. Discover how India aims to position itself as a market maker and potential superpower while strategizing Free Trade Agreements and reducing customs duties. Analyze silver and gold imports, the Indian jewellery market size, and the envisioned role of India in the global gold industry post-2024.
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Presentation Transcript
India Gold Market What Next? INDIA GOLD CONFERENCE 2024 HILTON MANYATA BUSINESS PARK BANGALORE 23rd 25th August 2024. MAHENDRAN. K COUNTRY HEAD PRECIOUS METALS DIVISION. KARUR VYSYA BANK.
Indias should not be limited to just a big bullion market, but it should be recognized as a market maker identity Hon'ble PM of India
India is a potential superpower and would not rush into closing Free Trade Agreements (FTAs) unless these are on New Delhi s own terms Hon ble Commerce Minister
Customs Duties on gold and silver reduced . to enhance domestic value addition in Gold and Precious metal jewellery in the country have been Hon ble Finance Minister
Silver Imports - India Gold Imports - India 9000 1200 8156.8 8000 7474.22 983 7336.72 1000 955 7000 879 795 5879.29 6000 800 720 5421.73 678 651 5000 4421.7 600 4000 3000 400 2000 1486.01 200 1000 0 0 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Qty in Mts Qty in Mts Indian Jewellery Market The size of the Indian jewellery retail sector was close to USD 80.00 bn / INR 6,400.00 bn in FY24. The total gold consumption in India was attributed to 66% for jewellery and remaining 34% for bars & coins.
India Gold Market What Next? INDIA GOLD CONFERENCE 2024 HILTON MANYATA BUSINESS PARK BANGALORE 23rd 25th August 2024. MAHENDRAN. K COUNTRY HEAD PRECIOUS METALS DIVISION. KARUR VYSYA BANK.
India Gold Market, What Next? - Market maker. - International Exchange. - Supplier to the world Refining. - Financialisation of Gold. - Jewellery Trading Hub. - Bullion Vault to the world.
