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9th edition of India International Bullion Summit to be held from 28-29 March 2024
India Bullion and Jewellers Association Ltd. (IBJA) shall be conducting its highly anticipated 9th edition of the India International Bullion Summit (IIBS 9) on 28th & 29th March 2024, at the prestigious venue at Aurika Hotel , Mumbai Skycity. IBJA completed its 105th year and now we are moving on to new century.
IBJA as usual has always been responsible association and has always played key role in protecting not only interest of jewellers but also of consumers.
The summit will bring together industry leaders, experts, to explore Latest Trends and Developments in the Bullion Market & to discuss and analyze the latest trends, innovations, and opportunities in the bullion market.
Organized by India Bullion and Jewellers Association Ltd. (IBJA), IIBS-9 aims to provide a platform for networking, knowledge sharing, and collaboration among key players in the bullion industry. Participants can expect engaging panel discussions, insightful keynote presentations, interactive workshops, and networking sessions, master class designed to foster meaningful connections and facilitate business growth.
With a focus on exploring emerging market dynamics, regulatory developments, technological advancements, and investment strategies in the bullion sector, IIBS-9 promises to offer valuable insights and perspectives to all attendees.
The entire focus of this year IIBS shall be on topics which are relevant and related to the Gems & Jewellery Industry. The topic includesFuture of Gold Supply Chain Bank V/s Qualified Jewellers V/s Refinery, FTA Boon or Burden for Refiners, Integration of BDR to EGR, Cyber Fraud in Gems & Jewellery Sector, Logistic & Insurance- Importance in Bullion & Jewellery Industry, Listing on Exchanges Available Financial Tools for Gems & Jewellery Sector, S.R.O- Future of Gold Industry, Navigating Silver Options at NSE: A Master Class, Gold Outlook, Regulation Governing Gold Industry.
Our panellist includes PR Somasundaram from World Gold Council, Ashok Gautam, MD & CEO- India International Bullion Exchange IFSC Ltd (IIBX), Kamalesh Sharma, Department of Metals and Commodities- IFSCA, Sriram Krishnan- Chief Business Development Officer-NSE and various other expert of bullion and jewellery trade.
Highlights of the event:
· Panel Discussions on Bullion and Jewellery Industry’s hottest topics.
· Industry’s leading intellectuals, speakers and moderators to participate in summit
· International & National speakers invited to the conference.
· IBJA Awards to be given to top achievers of the Bullion and Jewellery Industry.
· Golden Girl Award for
· Launch of IBJA product.
· Live performances by celebrities to enthral the grand evening.
· High profile networking and business opportunities.
· More than 800 esteemed national and international delegates have been invited.
· Cocktail and Dinner.
“We are excited to host the 9th edition of the India International Bullion Summit and bring together industry experts to exchange ideas, insights, and best practices. “IIBS 9 will serve as a platform for driving collaboration, innovation, and growth in the bullion market, and we look forward to a successful and productive event.”
INDIA INTERNATIONAL BULLION SUMMIT (IIBS-9) PRE – PRESS RELEASE
BrandBuzz
Gold and Silver Catch Their Breath After A Rough Patch AUGMONT BULLION REPORT
– Precious Metals Also Got A Lift From Softer Oil Prices, As Shipping Through The Strait Of Hormuz Kept Recovering Following The Interim US-Iran Peace Deal
- Price Movement – Gold and silver seem to be trying to find a bottom after months of heavy selling, damaged charts, and a macro story that keeps shifting under traders’ feet. Gold’s climb back toward $4200 and silver’s recovery above $62 both hint that demand for hard assets hasn’t gone away — it’s just been waiting for the right trigger to come back.
- Geopolitical Tensions – Precious metals also got a lift from softer oil prices, as shipping through the Strait of Hormuz kept recovering following the interim US-Iran peace deal. Calmer waters there took some pressure off energy markets, indirectly helping bullion.
- Macro-Economic Signals – Gold and silver eased slightly as investors waited for the Fed’s June meeting minutes, hoping for clues on new Chair Kevin Warsh’s policy thinking. Traders are now pricing in roughly a 50% chance of a September rate hike, down sharply from about two-thirds before the recent jobs report came out.
Technical Triggers
- Gold’s rebound from its recent low of $3,942 (~Rs 1,40,600) to $4,200 (~Rs 1,48,000) happened very quickly, so a pullback to the $4,080–4,100 range (~Rs 1,44,000) wouldn’t be surprising before the rally resumes toward $4,350 (~Rs 1,53,500).
- Silver could see a similar pause, dipping toward $59 (~Rs 2,30,000) before pushing higher again toward the $70–71 zone (~Rs 2,52,000).
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $3960/oz : $4250/oz : Rs 140,000/10 gm : Rs 150,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $55/oz : $65/oz : Rs 210,000/kg : Rs 245,000/kg |
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