The
London Bullion Market Association’s (LBMA) decision to stop London
silver market fixing will bring in a lot of hurdles for silver importers
in India. Across the world, LBMA prices have always been considered as
benchmark prices. The biggest issue will be that there won’t be any
benchmark price to look upon. Transparent fair prices will be required
for the market to sustain and LBMA will have to choose other
alternatives for fixing silver market prices.
Prithviraj Kothari
Managing Director
Riddi Siddhi Bullions Ltd,
Mumbai
Prithviraj Kothari
Managing Director
Riddi Siddhi Bullions Ltd,
Mumbai
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