Friday, 20 June 2014

Readers Response: Silver in a fix- Prithviraj Kothari

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

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