On 14th January 2016 a roundtable discussion was held on ‘Role of Financial Institutions in Monetisation of Gold in India’ to discuss the nuances in implementation of the recently introduced Gold Monetisation Scheme (GMS) including the tripartite agreement, role of NBFCs and setting up of a gold exchange in India. This was first of the three stakeholder interactions which has been planned by Pahle India Foundation (PIF) as a part of its academic study on ‘Role of Financial Institutions in Monetisation of Gold in India’.
The closed door roundtable discussion was attended by regulators such as Bureau of Indian Standards (BIS), major associations such as Indian Banks’ Association (IBA) and Indian Bullion Jewellers Association (IBJA) apart from leading industry players such as banks; stock and commodity exchanges; jewellers, bullion dealers, refineries; assaying and hallmarking units.
