9:00

9:15

Registration

9:15

9:50

Welcome & Introduction

Contemporary Issues in Gold Markets in India

Prof. Arvind Sahay, Head IGPC (10 minutes)

Prof. Errol D'Souza, Director IIMA (10 minutes)

Key Note Address by Guest of Honour (10 minutes)

Shri Govind Mohan, Joint Secretary (IER & Investment), DEA (Dept. of Economic Affairs), Ministry of Finance, Govt. of India

09:50

10:20

Presentation on Global Gold Scenario by Mr. John Reade, Chief Market Strategist, World Gold Council

10:20

11:00

Panel discussion: Designing an effective policy and regulatory framework for gold in India Moderated by Mr Sudheesh Nambiath (GFMS, Reuters)

Panel Members:

Prof. Arvind Sahay (IGPC IIMA)

Mr PR Somasundaram (WGC)

Mr. Mrugank Paranjape (MCX of India Ltd)

Prof. Gourav Vallabh (XLRI)

Mr. Rajesh Khosla (MMTC-PAMP)

Mr. Raghav Singhal, ICICI Bank (Bullion Banks Association)

Mr. Dipesh Shah (IFSC, GIFT City)

11:00

11:20

Media Interaction (KLMDC hall)

11:20

11:35

Tea Break (KLMDC hall lobby)

11:35

12:55

Technical Session I: Efficiency of Gold Markets

Chair: Joshy Jacob, IIMA

1. A Study of Excess Volatility of Gold and Silver by Parthajit Kayal, S. Maheswaran (Institute of Financial Management & Research, Chennai)
2. Does Information Spillover and Leverage Effect Exist In World Gold Markets? By S. Maria Immanuvel (St. Joseph's Institute of Management, Bangalore), D. Lazar (School of Management, Pondicherry University, Puducherry)
3. Investigation of Price Discovery for Gold Future Market Prices by Samna. M (Dept. Commerce, Iqbal College, University of Kerala), Sadar. A. R. (Dept. of Commerce, Manonmanium Sundaranar University, Tamil Nadu)
4. Multifractal modeling of the Indian gold market by P. Mali (Dept of Physics, University of North Bengal, Darjeeling, West Bengal)

12:55

02:00

Lunch (KLMDC inside lawns)

2:00

03:40

Technical Session II: Policy Issues in Gold

Chair: Sanket Mohapatra, IIMA

1. Gold Monetization in India as a Transformative Policy: A Mixed Method Analysis by Priya Narayanan, Balagopal Gopalakrishnan, Arvind Sahay (Indian Institute of Management Ahmedabad)
2. Gold and Geopolitical Risk by Dirk Baur (The University of Western Australia, Perth)
3. Estimating Elasticity of Import Demand for Gold in India by Paramita Mukherjee (International Management Institute Kolkata), Vivekananda Mukherjee (Jadavpur University, Kolkata), Debasmita Das (Jadavpur University, Kolkata)
4. Return and Volatility Spillovers: An Evaluation of India's Demonetization Policy by Shubhasis Dey, Aravind Sampath (Indian Institute of Management Kozhikode)
5. Sources of Uncertainty and the Indian Economy by Shubhasis Dey (Indian Institute of Management Kozhikode)

3:40

03:55

Tea Break (KLMDC hall lobby)

03:55

05:35

Technical Session III: Gold Asset Allocation and Investment Issues

Chair: Anindya Chakrabarti, IIMA

1. Impact of CTT on gold derivatives markets: Analysis based on ultra-high frequency order flow and trade data by Satya Sai Harsha Dutta, Joshy Jacob, Jayanth R. Varma (Indian Institute of Management Ahmedabad)
2. Gold in central bank reserves: Role of global risk and liquidity by Balagopal Gopalakrishnan, Sanket Mohapatra (Indian Institute of Management Ahmedabad)
3. Gold, Gold mining Stocks and Equities - exploring their hedge, diversifier and safe haven properties in developed markets by Arif Billah Dar, Manas Paul, Niyati Bhanja (IMT Ghaziabad)
4. Relationship between Gold and other markets: A Cointegration approach with structural breaks by Shivani Inder Chopra (Chitkara Business School, Chitkara University, Punjab)
5. Distribution of durable assets across households and generations: A mathematical model by Anindya Chakrabarty (Indian Institute of Management Ahmedabad)

05:35

06:05

Industry Presentations: Vaibhav Aggarwal (MMTC Ltd) and Saket Hishikar (State Bank of India)

06:05

06:30

Tea and Valedictions