Indian banks have been given permission to import gold from the UAE at a discounted duty rate under the countries' FTA, according to government officials

The World Gold Council has announced that Somasundaram PR, Regional CEO, India, will step down from his current position next year when his successor has been appointed.

TRQ will help the group in importing gold through the IIBX under India-UAE Comprehensive Economic Partnership Agreement(CEPA) at reduced duty rates with convenience and transparency.

As the world’s sixth-largest economy and foremost silver fabricator, India also plays an essential role in silver and gold investment demand.

GJEPC organised the Summit as an initiative to promote better banking and business practices

The PM also laid the foundation stone of the headquarters of the International Financial Services Centres Authority in GIFT City

The event that was in association with the World Gold Council was attended by representatives of 37 trade associations and more than 200 jewellers

The event that had seven prominent speakers saw a packed house

The pact will explore potential business and facilitate growth by sharing knowledge and expertise to promote the launch of the India International Bullion Exchange at GIFT city, IFSC

The GJEPC has been propagating the benefits of setting up a Bullion Exchange that can focus on price discovery