At more than 21,000 tonnes, Indian households hold the largest stock of gold in the world. The country currently has one of the highest saving rates in the world, estimated at around 30% of total income, of which 10% already invested in gold. The Govt. of India has implemented hallmarking scheme to protect the consumer in purchasing gold jewellery of requisite purity, develop export competitiveness and make India a leading market for gold jewellery in the world. India can be “A Global Player in Gold Market”. However, for India to become a world trading superpower there is a need for greater involvement of trade and industry with the Government. The summit assumes added significance in view of government’s vigorous policy effort to turn “Make in India” into a reality.

 

Therefore, in order to discuss these aspects further with the objective of spreading better understanding of the Gold Industry as an appropriate investment avenue for wealth creation and also to address major issues of Gold industry, ASSOCHAM is organizing 8th International Gold Summit at 10.00 a.m. on July 29, 2015 at Hotel Le Meridien, in New Delhi. There will be a large participation by the stakeholders including the Government, Reserve Bank of India, National and International Bullion Banks, Bullion Associations, Commodity Exchanges, Security Agencies and Investors to name a few.