3rd Gold convention 2006 held in Mumbai

THE much awaited 3rd Gold convention 2006 held in Mumbai at Intercontinental, The Grand, was a big success right from the word GO. The convention which was focused on investment/ETF, market integration, risk management, refining and price outlook witnessed speakers from over 8 countries for the first time ever. The program kicked started at 9:30 am with special address by Shri S Sundareshan, IAS, Chairman, Forward Markets Commission, Mr Jignesh Shah, MD and CEO, MCX, Mr Mukul Sonawalla, The President, Bombay Bullion Stock Exchange

Mr Sonawalla said, �India accounts for 25 percent of total gold consumption. If the prices are stabilized all over the country it would work positively for the industry. Also government should be a bit more liberal in its policies.�The address speech was followed by MCX leadership awards which were given out in five different categories. Post the awards, there were discussions on issues like supply and demand scenario for gold and silver in India, Gold Supply threats and risk if Asian Central banks discover the yellow metal, Investment demand, International perspective on ETF in bullion, Commodity exchange

Included in the discussion panel were prominent speakers like Mr Paul Walker, CEO, GFMS, Mr Bhargava Vaidya, BN Vaidya and Associates, Mr Russ Blinch, Editor in charge- commodities, Asia, Reuters. Mr Sanjeev Agarwal, MD, World Gold Council, Mr Bruce Ikemizu and Co Japan, Mr Joseph Messey, Dy MD MCX and Mr Framroze Pochara, CEO, Dubai Gold and Community Exchange

The Day 2 of the two day Gold Convention primarily saw prominent speaks from round the globe discussing on crucial issues related to the industry. Topics like Currency risk management, Using options for risk management, managing price risk through exchange trading, operation of hedge funds for commodity markets and Global fundamental developments and price outlook on silver were taken up for discussion.
Amongst the prominent speakers were Mr paul walker, Mr S Venkatraghavan, Mr Naveen Mathur, Mr gaurav Arora, Mr Nazim Ali.The discussions were intercepted with networking tea and lunch breaks