“The new step will enable recycling of gold from Indian households and its delivery on MCX, thereby reducing import dependence. This will help Indian refiners who pass the audit process of MCX including compliance to BIS-Indian Gold Delivery Standard, to help realize price at par with International refiners and further strengthen MCX price as the domestic benchmark. This will provide a fillip to the Gold Monetisation Scheme.”

"The physical demand from the jewellery trade is being met from the recycling of jewellery scrap by gold refiners. If the GMS is incentivised for banks, old gold from domestic holdings can meet the country's requirement of new gold. Banks should be permitted to open gold metal account for customers."

IIJS Premiere Show

17th India International Gold Convention

India International Fashion Jewellery & Accessories Show

HKTDC Hong Kong International Diamond, Gem & Pearl Show

HKTDC Hong Kong International Jewellery Show

Vicenzaoro