
The India International Bullion Exchange (2022): A New Gateway for Gold Trading
The India International Bullion Exchange (IIBX) is India's first regulated gateway for the import and trading of gold and silver, operationalised at Gujarat International Finance Tec-City (GIFT City), Gandhinagar. Its conceptual origin lies in the Union Budget 2020-21, in which Finance Minister Nirmala Sitharaman announced the government's intent to establish an international bullion exchange in an International Financial Services Centre (IFSC) (Ministry of Finance, 2020).






