The flagship event, which happens annually and has been held in India since 2004 is regarded as one of the biggest gold-related events in the world, bringing together the world bullion industry under one platform. Last year it was attended by more than 500 delegates around the world, including trade organisations, financial institutions, and policy experts as leaders at the forefront of the industry gather to deliberate new opportunities and future plans in view of the changing face of the gold industry across both India and the globe.
‘I’m honoured to be speaking at the International Gold Convention,’ said Sylvia Carrasco. ‘It speaks volumes that Goldex has a seat at the table at not only one of the biggest gold conferences in the world, but that we are alongside established bullion banks, international refiners, and leading jewellery manufacturers from all over the globe to share our vision of a global gold marketplace that’s simple, convenient, and ensures the best rates for everyone.’
The digital gold market meanwhile has grown significantly in India, with over 80 million customers opening digital gold accounts since 2013, when the first such account was launched. Two depositories, National Securities Depository and Central Depository Services, together had 35 million demat accounts at the end of 2018 and are estimated to cross 40 million by the end of 2019.
‘The fact that we are speaking at this event shows that we are going in the right direction,’ Sylvia added, ‘and it provides further evidence that Goldex will have a significant part to play in streamlining the gold industry with our smart trading technology. On a personal level, I am thrilled to be involved in the convention.’
Goldex will be among several presentations and panellists, including representatives from JP Morgan, Google Pay, the World Gold Council and the Adani Group, an Indian multinational conglomerate consisting of six publicly traded companies with combines revenues of $13 billion.
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Important disclaimer: this document is not an official research report and the views expressed in it are those of the authors. The authors are not registered research analysts and there is no assurance the trends mentioned will continue or that the forecasts discussed will be realised. Gold as a commodity is not a specified investment for the purpose of giving advice under the Financial Services and Markets Act 2000, therefore, this does not give rise to rights to claim compensation under the Financial Services Compensation Scheme.