{"id":11308,"date":"2021-09-18T18:06:00","date_gmt":"2021-09-18T12:36:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=11308"},"modified":"2021-09-27T10:27:15","modified_gmt":"2021-09-27T04:57:15","slug":"integrated-solutions-for-gold-by-augmont","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/integrated-solutions-for-gold-by-augmont\/","title":{"rendered":"Integrated Solutions for Gold By Augmont"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><em>Ketan B Kothari, Director, Augmont Gold, explains about the company\u2019s well-integrated refining to retailing solutions related to the gold ecosystem. He also expresses concerns about import of gold dore and policy changes that will help India become a refining hub.<\/em><\/h4>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/09\/1-inner-images-integrated-solutions-for-gold-by-augmont-solitaire.jpg\" rel=\"mfp\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"469\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/09\/1-inner-images-integrated-solutions-for-gold-by-augmont-solitaire.jpg\" alt=\"\" class=\"wp-image-11310 lazyload\" data-sizes=\"auto\" data-srcset=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/09\/1-inner-images-integrated-solutions-for-gold-by-augmont-solitaire.jpg 675w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/09\/1-inner-images-integrated-solutions-for-gold-by-augmont-solitaire-300x208.jpg 300w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/09\/1-inner-images-integrated-solutions-for-gold-by-augmont-solitaire-450x313.jpg 450w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/09\/1-inner-images-integrated-solutions-for-gold-by-augmont-solitaire-225x156.jpg 225w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/09\/1-inner-images-integrated-solutions-for-gold-by-augmont-solitaire-20x15.jpg 20w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/09\/1-inner-images-integrated-solutions-for-gold-by-augmont-solitaire-138x96.jpg 138w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/a><figcaption>Ketan B Kothari, Director<\/figcaption><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<p><strong>Tell us more about Augmont Gold For All.<\/strong><\/p>\n\n\n\n<p>Augmont is a leading state-of-the-art gold refinery in India with annual sales surpassing US$ 2 billion. It is also the leading creator and redeemer of gold exchange traded fund (ETF) units in India for all gold ETF schemes, and delivery provider of gold on commodity exchanges in India. It has a network of over 4,000 jewellers connected online on the SPOT system and 23 B2B delivery centres across India.<\/p>\n\n\n\n<p>The company is a one-stop destination for everything related to gold. It operates a tech platform through which customers can buy gold, sell gold, store gold (in insured and secured vaults), take delivery at doorstep or convert into jewellery online or at thousands of jewellers across India.<\/p>\n\n\n\n<p>Augmont Gold For All is India\u2019s largest completely integrated gold ecosystem encompassing refining to retailing. While almost all the gold that is mined in India is refined by us, we also import gold dor\u00e8 bars from across the world and produce the finest quality bars and coins.<\/p>\n\n\n\n<p>The gold, silver bars and coins that we produce are sold online through the award-winning, world\u2019s biggest physical SPOT (Spot Precious-metals Online Trading) Platform. Augmont\u2019s SPOT prices are India\u2019s benchmark prices in the jewellers professional market since its inception in 2008.<\/p>\n\n\n\n<p>Augmont Gold For All is among the top 100 companies in India (as per Dun &amp; Bradstreet), and the SPOT platform has been awarded as the best platform year-on-year. For more information on the products on offer by Augmont, readers can visit: www.augmont.com<\/p>\n\n\n\n<p><strong>Is there a bright future for the gold refining sector in India? Is the Government taking any steps to boost gold refining in India?<\/strong><\/p>\n\n\n\n<p>Gold refineries are central to any development of the gem and jewellery industry. The Government is proactively working on various policy changes and efforts are put in to make gold a financial asset. These include:<\/p>\n\n\n\n<p>\u2022 Setting up of gold exchanges in domestic and GIFT city.                                                                                 \u2022 Revamped GMS scheme with efforts on awareness and use of technology.                           \u2022 India Good Delivery on exchanges, for settlement of GML, etc.                                               \u2022 Compulsory Hallmarking and UID<\/p>\n\n\n\n<p>To meet this vision, Indian refineries are also putting in efforts. However, the current import norms of dore bars are not conductive to import them from large mines across the world. Globally, these large mines have long term contracts with other established LBMA refineries in countries like Switzerland. Hence, Indian refineries are dependent on artisanal and small mines to import dore bars. However, this carries financial and purity risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ketan B Kothari, Director, Augmont Gold, explains about the company\u2019s well-integrated refining to retailing solutions related to the gold ecosystem. He also expresses concerns about import of gold dore and policy changes that will help India become a refining hub. Tell us more about Augmont Gold For All. Augmont is a leading state-of-the-art gold refinery&hellip;<\/p>\n","protected":false},"author":3,"featured_media":11309,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,100],"tags":[],"thb-sponsors":[],"class_list":["post-11308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold","category-in-focus"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Integrated Solutions for Gold By Augmont - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/integrated-solutions-for-gold-by-augmont\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Integrated Solutions for Gold By Augmont - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Ketan B Kothari, Director, Augmont Gold, explains about the company\u2019s well-integrated refining to retailing solutions related to the gold ecosystem. 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