Dear all,
I am glad to be a part of: Dubai Precious Metals Conference, 2013. Noteworthy speakers across the world shared their expert opinions.
Everyone in the conference had an opinion that Gold bull run is not going to end soon.
I was in Panel 2: Gold Consumption giants; opportunities linking the UAE with China, India and the US:-
Few excerpts from my speech:
The Indian bullion industry is very robust. What is the percentage of trade between India and UAE? What is the export import scenario?
Mr. Prithviraj Kothari from Riddhisiddhi Bullions Ltd. said that from 1997 to 2012, India imported around 12000 tons at an average price of USD600 an ounce. The import from UAE into India is around 140 tons a year. If UAE banks and traders leave their consignment with Indian nominated agencies and banks, they can improve trade with India. If UAE and Dubai traders and banks can follow the same rule, they can increase the trade to 250 tons.
India consumes around 500 tons of jewellery and the largest exporter of the world. What is the export percentage leads to UAE? How it will be improvised?
Out of total exports from India, 41% of is directed to UAE. It is for local consumption in UAE and re-exported to countries in Middle East and Africa. So DMCC and Dubai is a major partner of Indian export.
To view more, do check: http://dpmc.ae/liveupdates.aspx
“The primary purpose of this blog by Prithviraj Kothari - MD, RSBL, is to educate the masses of the current happenings in the Bullion world.”
- Previous blog -
"Is gold set to enter the first bear market since 2008"
http://riddisiddhibullionsltd.blogspot.in/2013/04/is-gold-set-to-enter-first-bear-market.html
I am glad to be a part of: Dubai Precious Metals Conference, 2013. Noteworthy speakers across the world shared their expert opinions.
Everyone in the conference had an opinion that Gold bull run is not going to end soon.
I was in Panel 2: Gold Consumption giants; opportunities linking the UAE with China, India and the US:-
Few excerpts from my speech:
The Indian bullion industry is very robust. What is the percentage of trade between India and UAE? What is the export import scenario?
Mr. Prithviraj Kothari from Riddhisiddhi Bullions Ltd. said that from 1997 to 2012, India imported around 12000 tons at an average price of USD600 an ounce. The import from UAE into India is around 140 tons a year. If UAE banks and traders leave their consignment with Indian nominated agencies and banks, they can improve trade with India. If UAE and Dubai traders and banks can follow the same rule, they can increase the trade to 250 tons.
India consumes around 500 tons of jewellery and the largest exporter of the world. What is the export percentage leads to UAE? How it will be improvised?
Out of total exports from India, 41% of is directed to UAE. It is for local consumption in UAE and re-exported to countries in Middle East and Africa. So DMCC and Dubai is a major partner of Indian export.
To view more, do check: http://dpmc.ae/liveupdates.aspx
“The primary purpose of this blog by Prithviraj Kothari - MD, RSBL, is to educate the masses of the current happenings in the Bullion world.”
- Previous blog -
"Is gold set to enter the first bear market since 2008"
http://riddisiddhibullionsltd.blogspot.in/2013/04/is-gold-set-to-enter-first-bear-market.html
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