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2-day convention on gold from tomorrow
Our Bureau
Mumbai
,
Aug. 18
WITH a view to focusing India as the emerging world market for gold, a two-day seminar - `India Gold Convention 2004' - will be held on August 20-21, in Mumbai.
Multi Commodity Exchange of India Ltd (MCX) is participating in the convention as `exchange partner'. The convention is organised by the Bangalore-based Foretell Business Solutions Pvt Ltd and is supported by the Bombay Bullion Association (BBA).
This convention is the first-of-its-kind to be held in India after the introduction of gold futures trading. The convention will provide a forum to deliberate, discuss and define the action agenda that catapult India in becoming the world market for gold, according to press release issued by MCX.
The convention aims at discussing market opportunities and instruments such as gold futures and its relevance to contain price risks. Experts from India and abroad will share their views on demand and supply scenario, investment opportunities in gold, price-risk management, price outlook and trends in the jewellery market.
Mr Paul Walker, CEO of GFMS Ltd, will speak on world gold demand and supply, while Mr Sanjeev Agarwal, Managing Director, India sub-continent, World Gold Council, will speak on innovative investment opportunities in gold. MCX will be conducting a half-a-day training programme on August 21 on technical and operational aspects of futures trading in gold.
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