International Bullion Exchange (IIBX)
🖊 Prime Minister Narendra Modi will launch the “India International Bullion Exchange” on July 29, 2022.
🖊 It will be operationalized at the “Gujarat International Finance Tec-City (GIFT City)”.
🖊 IIBX will provide for efficient price discovery with assurance of responsible sourcing and quality.
🖊 It will give impetus to financialization of gold across the country.
🖊 IIBX will serve the purpose of global value chain with integrity and quality.
🖊 With the launch of IIBX, India would be able to affect international bullion prices as a principal consumer.