The GJEPC recently held a special session on bullion imports and options for hedging gold price risks via the India International Bullion Exchange. It was attended by 35 people, including jewelers, bullion merchants, and TRQ holders.
The session was headed by Mr. Ashok Seth, Regional Chairman-Northern Region, and Mr. Antar Pal Singh, Regional Committee Member. Mr. Mukesh Sharma, IIBX‘s Head of Business Development for North India and Maharashtra, provided an insightful description of the company’s facilities, which are specifically developed for qualified jewellers and TRQ holders. He introduced the notion of “Qualified Jewellers” and discussed the India-UAE CEPA, which allows exporters to get 1% subsidised gold for export reasons.
Mr. Sanjeev Bhatia, Regional Director – North, GJEPC, emphasized the seminar’s role in educating gold traders and urging them to explore the opportunities provided by IIBX.