The 10th edition of the India International Bullion Summit (IIBS-10), organized by the India Bullion and Jewellers Association (IBJA), was inaugurated today by Dr. Hasmukh Adhia, IAS (Retd.), Chairman, GIFT City. The prestigious event, known as the “Bullion Industry Mahakumbh,” marks the 106th anniversary of IBJA and is being held at Aurika, Mumbai Skycity, with participation from over 800 bullion dealers and jewellers. IBJA National President Prithviraj Kothari welcomed the guests and gave introductory speech.
Distinguished Guests at IIBS-10
The Guest of Honour panel includes some of the most influential figures in the bullion and jewellery industry:
🔹 Mr. Pradeep Ramakrishnan – Executive Director, International Financial Services Centres Authority (IFSCA)
🔹 Mr. Prithviraj Kothari – National President, India Bullion and Jewellers Association Ltd (IBJA)
🔹 Mr. David Tait – Chief Executive Officer, World Gold Council
🔹 Mr. Shivanshu Mehta – Head of Bullion, MCX
🔹 Mr. Rajesh Rokade – Chairman, All India Gem and Jewellery Domestic Council (GJC)
🔹 Mr. Samit Guha – Chief Financial and Technology Officer, MMTC-PAMP
The panel discussion included topics like Silver Industry Growth Challenges And Opportunity, India’s Golden Ambition For Jewellery Market, Bringing Artisan In Main Stream, Leadership in Retail Jewellery Business, Is FTA & CEPA Distorting Market, Vision 2047 For Gold Industry by World Gold Council, Cyber Fraud in Gems & Jewellery Sector, Generating Funds For Gold Industry, Hedging Tool For Jewellers In Volatile Market, Bullion Hallmarking A Way Forward, Opportunity at IIBX, Consumer Insights: The Role of Gold Jewellery, Gold Outlook and Regulation Governing Bullion And Jewellery Market.
Ms. Sachin Jain – Regional CEO, India of World Gold Council- Vision 2047 For Gold Industry.
Mr. Shivanshu Mehta SVP & Head-Bullion- Multi Commodity Exchange of India Limited (MCX), Director, IIBX IFSC LTD – Hedging Tool for Jewellers in Volatile Market
Other Speakers for the conference included eminent personalities like Mr. Sachin Jain World Gold Council, Mr. Sudheesh Nambiath DMCC, Prof. Sundaravalli Narayanaswami India Gold Policy Centre (IGPC), Mr. Harish Pawani – Bin Sabt Jewellery LLC, Dubai, Dr. Saurabh Gadgil – PNG Jewellers, Mr. PR Somasundaram Industry Alumnus, Mr. D. K. Surana Intensive Fiscal Services Private Limited, Mr. Ashok Gautam – India International Bullion Exchange IFSC Ltd (IIBX), Mr. Avinash Pahuja – ORO Precious Metals Pvt. Ltd., Mr. Varghese Alukkas -Jos Alukkas, Mr. Ba.Ramesh – Thangamayil Jewellery Limited.
Silver Takes Center Stage on Day 1
The opening day of IIBS-10 began with a focused discussion on silver, under the theme:
“Silver Industry Growth, Challenges, and Opportunities.”
The session brought together industry leaders, experts, and policymakers to explore the evolving landscape of the silver market.
Key Highlights of the Two-Day Summit
IIBS-10 will feature:
✅ Panel Discussions on crucial industry topics
✅ Interactive Sessions with market experts
✅ Master Classes for in-depth industry insights
✅ Business Stalls & Product Launches
✅ Networking Dinners & Live Entertainment
✅ Awards Ceremony recognizing excellence in the bullion and jewellery trade
The summit aims to foster collaboration and business opportunities among bullion and jewellery stakeholders, including:
- Precious metal mining and refining industries
- Central and bullion banks
- Commodity exchanges
- Logistics and transportation sectors
- Media analysts and government officials
Established in 1919, the India Bullion and Jewellers Association Ltd. (IBJA) was founded to address challenges faced by bullion traders. Over the years, it has evolved into India’s apex body for bullion and jewellery trade, playing a key role in:
🔹 Policy discussions and trade regulations
🔹 Benchmarking gold AM and PM rates (used for sovereign bonds and jewellery-backed loans by NBFCs & banks)
🔹 Representing the industry in government committees for gold policy and trade development
With a presence in 29 states, IBJA continues to shape the future of India’s bullion and jewellery sector, making IIBS-10 a must-attend event for industry professionals
IBJA has also launched initiatives such as the “IBJA Verified Tag” for Platinum Members to ensuring their online accounts represent legitimate and authentic businesses or brands. IBJA is also working on Jewellers awareness campaign in the entire country by educating the jewellers through various Webinar and seminar. IBJA will soon be launching innovative programme to boost skills of karigars. IBJA is also setting up World Class Bullion refinery at Gift City, Gujrat. IBJA is also honouring jewellers for their CSR activity. .
IIBS 10th Edition Program Schedule
8th March 2025
10:00 am to 11:30 pm
INAUGURAL CEREMONY
Hon. Chief Guest
Dr. Hasmukh Adhia – IAS (Retd.) – Chairman, GIFT City
Guest of Honour
Mr. Pradeep Ramakrishnan – Executive Director – International Financial Services Centres Authority (IFSCA)
Mr. Prithviraj Kothari – National President – India Bullion and Jewellers Association Ltd (IBJA)
Mr. David Tait – Chief Executive Officer – World Gold Council
Mr. Shivanshu Mehta – Head Bullion – MCX
Mr. Rajesh Rokade – Chairman – All India Gem and Jewellery Domestic Council (GJC)
Mr. Samit Guha – Chief Financial and Technology Officer -MMTC PAMP
FELICITATION OF THE CHIEF GUEST & DIGNITARIES
SPEECH BY IBJA NATIONAL PRESIDENT PRITHVIRAJ KOTHARI, CHIEF GUEST & DIGNITARIES
11:35 pm to 12:20 pm
PANEL DISCUSSION-1:
IS FTA & CEPA DISTORTING MARKET
Moderator: Ms. Manisha Gupta – Editor of Commodities & Currencies – CNBC TV18
Mr. Sudheesh Nambiath – Manager – Precious Metals, DMCC
Ms. Sundaravalli Narayanaswami – Chairperson- India Gold Policy Centre (IGPC)
Mr. Harish Pawani – Managing Director – Bin Sabt Jewellery LLC, Dubai
Mr. Haresh Acharya – Director – Parker Precious Metals LLP
Mr. Chirag Thakkar – CEO – Amrapali Industries Ltd
Mr. Vipin Raina – President Bullion Sales and Trading – MMTC PAMP
12:25 pm to 12:40 pm
KEY NOTE
VISION 2047 FOR GOLD INDUSTRY BY WORLD GOLD COUNCIL
Mr. Sachin Jain – Regional CEO India – World Gold Council
12:45 pm to 1:00 pm
KEY NOTE
CYBER FRAUD IN GEMS & JEWELLERY SECTOR
Mr. Pankaj Bafna – Founder – Bafna Law Associates
1:05 pm to 1:50 pm
PANEL DISCUSSION-2:
GENERATING FUNDS FOR GOLD INDUSTRY
Moderator: Ms. Manisha Gupta – Editor of Commodities and Currencies – CNBC TV18
Dr. Saurabh Gadgil – MD & CEO – PNG Jewellers
Mr. Avadhani Sanagaram – Consultant – ICBC Standard Bank
Mr. PR Somasundaram – Industry Alumnus
Mr. Chintan Mehta – Executive Director & Group CEO- Abans Holdings Ltd
Mr. Debrato Sen – Executive Director- Motilal Oswal Investment Banking
Mr. D. K. Surana – Chairman & Managing Director – Intensive Fiscal Services Private Limited
Mr. Vikram Dhawan – Fund Manager – Commodities – Nippon India Mutual Fund
1:55 pm to 2:10 pm
KEY NOTE
HEDGING TOOL FOR JEWELLERS IN VOLATILE MARKET
Questionnaire Moderator: Mr. Mrituenjay Kumar Jha – Commodity Editor – Zee Business
Mr. Shivanshu Mehta – Head Bullion-MCX
2:15 pm to 2:30 pm
KEY NOTE
PRESENTATION BY NSE
Moderator: Mr. Elwing Jose – Head, Product Development, Strategy and Services
2:35 pm to 2:45 pm
LUCKY DRAW
2:50 pm to 3:30 pm
PANEL DISCUSSION-3:
BULLION HALLMARKING A WAY FORWARD
Moderator: Mr. Mrituenjay Kumar Jha – Commodity Editor – Zee Business
Mr. Rajesh Rokade – Chairman – All India Gem And Jewellery Domestic Council (GJC)
Mr. James Jose – Director – CGR Metalloys Pvt. Ltd
Mr. Chetan Bhandari – Director – IGOLD Ventures Pvt Ltd
Mr. Amit Modak – CEO – P N Gadgil & Sons Ltd
Mr. Anurag Rastogi – Proprietor – Mateshwari Gold
Mr. Pratik Jain – Director- Safari Exim House Private Limited
3:35 pm to 4:20 pm
PANEL DISCUSSION-4:
OPPORTUNITY AT IIBX
Moderator: Ms. Manisha Gupta – Editor of Commodities & Currencies-CNBC TV18
Mr. Ashok Gautam – MD & CEO – India International Bullion Exchange IFSC Ltd (IIBX)
Mr. Ajit Mauskar – Director, Market Infrastructure India & Middle East – World Gold Council
4:25 pm to 4:40 pm
KEY NOTE
CONSUMER INSIGHTS – THE ROLE OF GOLD IN JEWELLERY AND INVESTMENT IN INDIA
MS. Kavita Chacko – Research Head – World Gold Council
4:45 pm to 5:30 pm
PANEL DISCUSSION-5:
GOLD OUTLOOK
Moderator: Mr. Mrituenjay Kumar Jha – Commodity Editor – Zee Business
Mr. Prithviraj Kothari – Managing Director – Riddhi Siddhi Bullion Ltd.
Mr. Bhargava Vaidya – Proprietor – B. N. Vaidya & Associates
Mr. Chirag Sheth – Principal Consultant South Asia – Metals Focus Ltd
Mr. Amit Khare – Associate Vice President, Research Commodities – GCL Broking
Dr. Renisha Chainani – Research Head – Augmont Enterprise Pvt. Ltd
Mr. Vinit Jain – Partner – Arihant Bullion And Jewels LLP
Mr. Kunal Shah – Head of Commodity Research – Nirmal Bang
5:35 pm to 6:35 pm
PANEL DISCUSSION-6:
REGULATION GOVERNING BULLION AND JEWELLERY MARKET
Moderator: Mr. Anil Singhvi – Managing editor – Zee Business
Mr. Nishchay A G – Changejar Technologies Pvt Ltd
Mr. Manthan Shah – Co-founder – Gullak Money
Mr. Anirudh Menon – Co-Founder and CEO- FinMet Technologies Pvt Ltd
Mr. Nikhilkumar Shah – Partner- R N Bullion and Jewels
Mr. Avinash Pahuja – MD and CEO – ORO Precious Metals Pvt. Ltd.
Mr. Suyash Agrawal – Director – RV Agrawal
6:40 pm to 6:50 pm
CLOSING SPEECH & VOTE OF THANKS
6:55 pm to 6:50 pm
RECOGNITION TROPHY FOR BEST VERIFIED TAG HOLDER
7:15 pm to 8:00 pm
BULLION AND JEWELLERY AWARD
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