Research library

Featured

Mandatory hallmarking: Global practices and road map for India

Published 7th December 2017

This report covers key stages in the hallmarking journey in order to ascertain what works best in other jurisdictions and how India can maximise the benefits of mandatory hallmarking. Gold has played an integral role in Indian tradition and culture for centuries. Presented as a gift at festivals, weddings and births, acquired by families as a means of saving and aspired after as an object of beauty, gold is considered both an investment and an adornment across India. Product integrity is a key attribute of gold industry and it is not evident in India.

Download (PDF)

Filesize:2.23 MB.

Showing 1-10/111 documents

Results per page:

Pages

Published 7th December 2017

This report covers key stages in the hallmarking journey in order to ascertain what works best in other jurisdictions and how India can maximise the benefits of mandatory hallmarking. Gold has played an integral role in Indian tradition and culture for centuries. Presented as a gift at festivals, weddings and births, acquired by families as a means of saving and aspired after as an object of beauty, gold is considered both an investment and an adornment across India. Product integrity is a key attribute of gold industry and it is not evident in India.

Download (PDF)

Filesize:2.23 MB.

Published 5th December 2017

Changes are afoot in the technology sector. Smartphones are becoming increasingly powerful, electric and self-driving vehicles could revolutionise the automotive industry, and emerging nanotechnology could transform solar energy. All of this could have a positive impact on gold demand.

Download (PDF)

Filesize:2.02 MB.

Published 28th September 2017

With an annual demand of approximately 800-900 tonnes, the size of the Indian gold market is second only to that of China. Despite its significant size and important global position, the Indian gold market is unable to realise its potential due to multiple challenges. These challenges include lack of quality assurance, weak price transparency and fragmented liquidity and regulatory issues. There is a pressing need to reform the gold trading market in India, and a spot exchange, encompassing a broad ecosystem for efficient physical trading of gold, could play a significant role in reforming the gold market in India. This report outlines a vision for a gold spot exchange and its associated ecosystem, identifies key design elements, lists critical success factors (based on global examples), recognises potential benefits for entities across the value chain, the economy as a whole and sets forth a roadmap for multi-stakeholder collaboration to ensure successful design and launch of the exchange.

Categories: Demand, Investment

Download (PDF)

Filesize:929.53 KB.

Published 20th September 2017

Welcome to the autumn edition of Gold Investor, where leading commentators and market participants discuss new developments for gold and its evolving global role.

Download (PDF)Read online

Filesize:6.15 MB.

Published 8th June 2017

On 1st July, India’s labyrinth of taxes will be replaced with a simple, nationwide Goods & Services Tax (GST). This is the biggest fiscal reform since India’s liberalisation in the early 1990s. While gold consumers will face a slightly higher tax rate, and the industry will go through a period of adjustment, we see the net impact on the gold industry as being positive. The gold supply chain should become more transparent and efficient, and the tax reform can boost economic growth, which we see as supporting gold demand.

Download (PDF)

Filesize:125.64 KB.

Published 20th April 2017

Monetary authorities hold gold in the performance of their official functions, typically as part of the country’s official reserves. This functional purpose differs from the objectives of other entities who hold gold. Monetary authorities also commonly hold gold in much larger quantities than other entities. General purpose financial reporting frameworks lack appropriate guidance on accounting for gold, in particular for the gold classified as monetary gold, held by monetary authorities.

Download (PDF)Related files

Filesize:113.26 KB.

Published 8th March 2017

A barrage of policy initiatives aimed at purging India of black money and instilling greater transparency rocked India’s economy last year, including its gold market. The most dramatic was the radical decision to demonetise over 15 trillion rupees, around US$220bn. Other policies – such as the re-introduction of excise duty – affected the gold market, too. And the forthcoming Goods & Service Tax (GST) will change the shape of the industry. India’s gold market faces some short-term headwinds. But looking ahead, these policies may deliver a stronger economy and a more transparent gold industry, underpinning gold demand, which we expect to be between 650-750t in 2017.

Download (PDF)

Filesize:380.85 KB.

Published 3rd February 2017

2016 full-year gold demand gained 2% to reach a 3-year high of 4,308.7t. Annual inflows into ETFs reached 531.9t, the second highest on record. Declines in jewellery and central bank purchases offset this growth. Annual bar and coin demand was broadly stable at 1,029.2t, helped by a Q4 surge.

Download (PDF)Read online

Filesize:1.11 MB.

Published 24th January 2017

In 2015 India was the world’s fast growing economy; in recent years millions have been lifted out of poverty and India’s middle class has swelled. This is important because our econometric analysis indicates income growth drives gold demand. But India’s relationship with gold goes beyond income growth: gold is intertwined with India’s way of life. And as we look ahead, India’s gold market will evolve.

Download (PDF)Related files

Filesize:2.24 MB.

Pages

Results per page: