Page 5 - Bullion World Issue 1 May 2021

Bullion World | Issue 01 | May 2021

EDITORIAL

Dear Readers,

Greetings and best wishes!

Bullion World is a new initiative. It aims at capturing the essence of the global bullion ecosystem
and guiding readers with opinions, insights and information on market, industry, technology and
regulation. While content on India would be at the core of Bullion World, equal importance would
be given to bullion markets of Europe, Americas and Asia Pacific. An initiative of this nature is not
conceivable without the support of the partners who have chosen to use the medium to promote
their brands. A big thank you to all our partners.

In the inaugural edition, leading experts from across India and rest of the world have contributed on a
range of topics. I express my gratitude to each one of the experts for their time and efforts. Hope you
like both the chosen subjects and the author’s perspective. Should you have a different perspective,
do write to us. As a responsible media, it is our duty to provide different perspective maintaining
neutrality and transparency. Over a period, we aim to make Bullion World, the go-to place to express
an opinion, to articulate a preposition or to engage in a debate. We seek your active engagement in
this. Please reach out to us at gsv@eventellglobal.com

Coming to the current market situation, the developed economies have been showing signs of rapid
economic growth (going by advance estimates and projections), with the USA recording an impressive
6.4% growth in Q1 of 2021. China’s GDP grew by an astounding 18.3%, while Japan’s real GDP grew
by 6% in Q1 of 2021. Usually, gold tends to underperform in such periods. The case for silver could
be different as industrial demand picks up.

India was also on a steep economic recovery path until the second wave of covid had stalled it. Many
leading states in India are under lockdown-partial or full- during one of the most important demand
periods (Apr-May) for gold jewellery this year. As a result, the jewellery industry feels that demand
could drop by 20 to 30% in the next two to three months. However, the industry is unanimous in their
view that gold and gold jewellery would continue to be the most preferred asset of Indians.

This is the time for more humanitarian efforts to support government efforts in tackling covid. I salute
the commendable social initiatives of many entrepreneurs of the industry. In particular, I would like
to place on record our appreciation for the efforts put in by IBJA and its members and the exemplary
leadership of Shri Prithviraj Kothari ji, National President, IBJA in these tough times.

As I close, we seek your support in this initiative. It is a journey worth the while only if we walk
together, learn together and grow together.

Best wishes,
Srivatsava Ganapathy
Editor

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