India’s Bullion Ecosystem Ready to withstand Global Pressures and Lead Worldwide, Says Mohit Kamboj

By
Ravindra Kirti Founder Mojo Patrakar
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Gold prices worldwide have surged past US$3,000/oz, touching record highs as global debt concerns, geopolitical uncertainties, and monetary easing expectations reshape the bullion landscape. In India, this has translated into domestic prices hovering around Rs. 1,01-1,02 lakh per 10 grams. Despite the elevated levels, demand remains resilient, with families pawning old jewellery, Jewellers innovating with lighter designs, and investors increasingly shifting toward financial gold products reflecting a dynamic consumer market adapting to affordability without severing cultural ties.

Mohit Kamboj, CEO, Aspect Global Ventures and Former National President, IBJA outlines reforms, consumer assurance, and future opportunities for India in bullion markets

One of the most significant structural changes this year has been the reduction of import duties 6% on refined gold and 5.35% on gold dor. This reform, hailed as the most consequential in a decade, has curbed smuggling, encouraged legal imports, and strengthened transparency in the retail ecosystem. Alongside, regulatory measures such as hallmarking of 9K gold and the extension of HUID-based hallmarking to silver are reinforcing consumer trust by ensuring product quality and minimizing disputes.

Institutional infrastructure is also maturing. The India International Bullion Exchange (IIBX) has expanded into silver and gold futures, providing exporters and jewellers with vital hedging tools while gradually positioning India as a participant in global price discovery. If participation deepens, IIBX could be a critical lever in shifting India’s role from a price taker to a price influencer on the global stage.

“India has already made path-breaking reforms that put the bullion industry on a transparent and resilient basis. If we persist with disciplined policy implementation, hallmarking, risk management, and extended use of infrastructure such as IIBX, India can not only withstand global pressures but also emerge as a reliable leader in bullion markets worldwide,” said Mohit Kamboj, CEO, Aspect Global Ventures and Former National President of the India Bullion and Jewellers Association (IBJA).

Key words: Mohit Kamboj, Aspect Global Ventures, Aspect Bullion & Refinery, Mohit Kamboj Bharatiya

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Ravindra Kirti Founder Mojo Patrakar
Ravindra Kirti Founder Mojo Patrakar
http://mojopatrakar.com/
Ravindra Kirti is a well-rounded Marketing professional with an impressive academic and professional portfolio. He is IIM Calcutta alumnus & holds a PhD in Commerce, having written an insightful thesis on consumer behavior and psychology, which informs his deep understanding of market dynamics and client engagement strategies. His academic journey includes an MBA in Marketing, where he specialized in strategic management, international marketing, and luxury retail management, equipping him with a global perspective and a strategic edge in high-end market segments.In addition to his business expertise, Ravindra is also academically trained in law, holding a Master’s in Law with specializations in law of patents, IT & IPR, police law and administration, white-collar crime, and corporate crime. This legal knowledge complements his role as the Chief at Jurislaw Partners, where he applies a blend of legal acumen and strategic marketing.With such a rich educational background, Ravindra excels across a range of fields, from legal marketing to luxury retail, and event design. His ability to interlace disciplines—commerce, marketing, and law—enables him to drive successful outcomes in every venture he undertakes, whether as Chief at Jurislaw Partners, Editor at Mojo Patrakar and Global Growth Forum, Founder of CircusINC, or Chief Designer at Byaah by CircusINC.On a personal note, Ravindra Kirti is not only a devoted pawrent to his pet, Kattappa, but also an enthusiast of Mixed Martial Arts (MMA) and holds a Taekwondo Dan 1. This active lifestyle complements his multifaceted career, reflecting his discipline, resilience, and commitment—qualities he brings into his professional relationships. His bond with Kattappa adds a warm, grounded side to his profile, showcasing his nurturing and compassionate nature, which shines through in his connections with clients and colleagues.Ravindra’s career exemplifies versatility, intellectual depth, and excellence. Whether through his contributions to media, law, events, or design, he remains a dynamic and influential presence, continually innovating and leaving a lasting impact across industries. His ability to balance these diverse roles is a testament to his strategic vision and dedication to making a difference in every field he enters.
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