India Bullion and Jewellers Association (IBJA) Governing Board in its meeting held on 23rd January, 2018 has unanimously decided to appoint Mohit Kamboj as its New National President for the Next Three Years. IBJA was established in 1919 and will become hundred year old association soon. The name of Mohit Kamboj was suggested by outgoing president Mukesh Mehta, said a press statement.
Prithviraj Kothari and Saurabh Gadgil were also unanimously elected both the Vice-President of the association in the same meeting. IBJA is known in the industry for its honest opinion while making representation to the government. IBJA scaled a new height when in 2012 Mr. Mohit Kamboj was elected for the first time. IBJA gold rates are benchmark rates for RBI for lending against jewellery. IBJA’s gold rates are also benchmark for sovereign gold bond issued by government. IBJA is known to enjoy very high reputation in ministries corridor, the press statement added.