India is the world’s oldest and most Lucrative physical gold market, where gold consumption often scales up to 1000 tons per annum. India's gold demand is met through gold imports. The government policy towards gold imports is one of the most important drivers of the Gold Market in India. Hence it is important to understand structure of Gold Market in India.
The introduction of gold bonds have given an additional push in the savings habit of common man who are inclined to invest in bullion or gold bonds and earn marginal income there on. The exchange contracts are less important than the vast Over The Counter (OTC) gold sale and distribution network that exists throughout India. However the future commodity exchanges do provide some useful price signals.
Aryans group is in advanced discussions with few overseas companies to acquiring Raw Gold Mines in South Africa and Australia which has high gold reserves, which are yet to be exploited.
FUTURE PROSPECTS FOR AARYANS
- Aaryans group is bullish on the bullion refining and trading sector as GOLD is the most valuable metal on planet earth and shall remain so for years to come as per the prevailing market sentiments. Moreover the consumption of gold is increasing day by day in India and abroad and this is the time which is envisaged by Aaryans to venture in to this line of business.
- The requirement of raw material needed for gold refinery which is “Dore” has already been sourced by Aaryans group through contacts and agreement with overseas suppliers.
- Other important aspect is about financing the said project where in Aaryans group will have an advantage over the competitors as the funds will be raised internally. Hence there will be no debt of any kind for this project. This makes it more viable and beneficial to the end customer as Aaryans will be able to offer competitive rates in the market.
- Aaryans group plans to set up a gold refinery in Maharashtra with initial capital investment of Rs. 950 Crs. Under this project, Aaryans group will provide employment to about 500 youths in the vicinity of the Refinery. Moreover, Aaryans group will provide appropriate training to these youths to develop their skill sets.
