13th India International Gold Convention on 11-14 Aug 2016 at Jaypee Palace Hotel, Agra. Concluded Successfully...
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Sergey Nenashev
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The world’s largest gold producer and consumer has convinced itself that time has come to launch its own benchmark price. Shanghai Gold Exchange has launched today yuan-denominated gold fix, with setting the benchmark price at $39.69/gm, or 256.92 yuan/gm. This is perhaps the beginning of new era as there have been discussions for a long why there is no gold fix in the Asian region when Asia (including Middle East) is the largest consumer of physical gold in the world. It will be interesting to see how China would boost its influence on global bullion market with this initiative.
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Quote from IIGC 2016

I have been associated IIGC from day one and I would like to congratulate the entire team for their hard work. I go to every conference world-over, but the kind of discussions take place here, is never done anywhere. This IIGC platform provides every stakeholder to exchange their problems among them and finding a way towards solving the same. I would like to thank Mr. Srivatsava especially for his hard work as he takes tremendous initiative to represent to government the outcome of the discussions. I do believe conference will continue to improve in coming years with bigger participation.

- Mr Prithviraj Kothari

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