The IIBX would transform the gold market India
Bullion Exchange to solidify India’s i mage as a gold trading hub: GJEPC 4th IGJS will be held in December 2021 The Gem & Jewellery Export Promotion Council (GJEPC) has been spearheading structural policy reforms surrounding the organisation of India’s gold industry at the three previous editions of its annual India Gold & Jewellery Summit (IGJS) - the 4th edition of IGJS will be held in December 2021 in New Delhi. The GJEPC has been propagating the benefits of setting up a Bullion Exchange that can focus on price discovery and provide an entire ecosystem around financial products based on gold and physical deliveries. The scattered Indian gold market has numerous regulators overseeing different aspects of the trade. As a result, in spite of its significant size and important global position, the Indian gold market is unable to realise its full potential due to multiple challenges, including lack of quality assurance, weak price transparency, fragmented liquidit