Page 2 - Bullion Industry
Gold prices fall Rs 101 on rupee appreciation, global market sell-off
Silver also declined by Rs 29 to Rs 47,583 per kg from Rs 47,612 per kg
 "Gold prices fall Rs 101 on rupee appreciation, global market sell-off")
India should launch bullion banking to boost industry, suggests WGC
The market potential for bullion banking in India, according to the council, has an estimated value between $300 million and 500 million
 "India should launch bullion banking to boost industry, suggests WGC")
Silver rallies Rs 300 global cues, gold steady at Rs 30,750
Globally, silver rose 0.69% to $16.84 an ounce and gold 0.34% to $1,286.70
 "Silver rallies Rs 300 global cues, gold steady at Rs 30,750")
Bullion industry banks on OECD norms to avoid importing conflict gold
After Bureau of Indian Standard (BIS) making it compulsory for Indian dore goldrefiners to get BIS certificate and hence regulating manufacturing side of thebusiness, bullion industry is taking initiative to ensure best business practicesare followed for sourcing of dore or unrefined gold. Rahul Gupta represented The Bullion Federation of India (BFI), a body ofIndia's large Bullion traders, and said in the panel discussion at the Organisationfor Economic Co-operation and Development (OECD) Mineral Forum that recentlyheld in Paris. He said on phone from Paris that, "India should now take stepsto follow OECD guidelines on sourcing of gold to ensure that conflict golddoesn't enter India." Diamond processing industry world had moved to stay awayfrom blood diamonds two decades ago and started following Kimberly process. BFIwill also make representation to commerce ministry.Conflict gold is a similar issue. Conflict minerals are those that are minedfor financing armed forces or for illegal .
 "Bullion industry banks on OECD norms to avoid importing conflict gold")
