The India Gold Policy Centre (IGPC) was set up in November 2014 with grant from World Gold Council. It is a centre of excellence, conducting cutting edge applied research on the Gold Industry in India, that provides insights and suggest ways the findings can be put into execution for bringing reforms in the Indian gold market. As a think tank it strives to impact policies and practice in the gold ecosystem through research, engagement, policy recommendations and training.
IGPC works closely with the government and the industry for providing meaningful policy advisory for mapping all segments of the gold value chain for a uniform reform impact. With the accentuation of deliberations in global conventions, proactive stance of policy makers and stakeholders in the value chain, the winds of change have become significant ingredients of deliberations at the Centre.
At IGPC, policy is at the forefront by creating an impact on economy through formalizing the gold trade, making the industry a positive dollar earner and increasing its share to GDP is at the core of its thinking. In addition to these we continue to increase our reach in the academic world and encourage creation of scholars in the field of gold. We have MoUs been signed with many institutions in India and overseas together to work on various research projects.
Over the years, the Centre had provided multiple inputs to policy makers on monetising household gold, on hallmarking, building market infrastructure institutions, on the taxes and tariffs related to gold, India’s bilateral trade agreement with other countries, on consumption patterns in gold and so on. During 2021-22, the Centre can claim with some pride that many of these inputs have led to policy measures taking shape in the country in a meaningful fashion. The centre also does empirical work in the area of gold consumption by conducting a nationwide household survey that is statistically representative of 307 million households.
IGPC shoulders the responsibility of functioning as a beacon for India’s gold industry but this is possible only with collective efforts of all stakeholders to transform it into a sustainable transparent ethical ecosystem.
Activities of Centre
Themes of Research
The Centre shall focus on multi-disciplinary, thematic, applied research in several key areas relating to the use of gold as a fungible financial asset in India. The themes of research undertaken by the Centre shall be outlined by the Governing Body of the Centre and shall illustratively include, but not be limited to, the following topics: