Page 32 - Bullion World Volume 3 Issue 4 April 2023

Bullion World | Volume 3 | Issue 4 | April 2023

India International Bullion Exchange

IFSC Limited (IIBX)

999 100 gm (both LBMA) and 995
1kg (UAEGD) with plans to enhance
the product suite going forward. IIBX
proposes to launch Repo products,
Gold metal loan and lease products
and introduce Silver shortly. IIBX
proposes to have IFSCA approved
vaults at multiple SEZs across India
to enable same day delivery of
bullion across India.

Welcome and experience the bullion
ecosystem of IIBX.

India International Bullion Exchange
IFSC Limited,
Unit No. 1302A, Brigade
Giving a major boost to India’s can import bullion directly into India International Financial Centre,
aspiration of having its own through IIBX by being a Client of 13 Floor,Building No.14A, Block 14,
th
International Bullion Exchange and a Trading Member or a Limited Zone 1, GIFT SEZ, GIFT CITY,
paving the way for India to play Purpose Trading Member of IIBX. Gandhinagar, PIN: 382355, Gujarat,
a larger role in the global bullion Top bullion dealers and jewellers of India
market, India International Bullion India have been onboarded by Direct: +91 79 6969 7100
Exchange IFSC Limited (IIBX) was IIBX with many more applications in Web: https://www.iibx.co.in
launched by the Honorable Prime the pipeline. Email: bd@iibx.co.in
Minister of India, Shri Narendra
Modi on 29th of July 2022. IIBX Bullion is kept in the vaults authorised
is promoted by India’s leading by International Financial Services
market infrastructure institutions Centres Authority (IFSCA) and
like NSE, INDIA INX (subsidiary empanelled by India International
of BSE), NSDL, CDSL and MCX. Depository IFSC Limited (IIDI).
IIBX is established at GIFT IFSC, Bullion on IIBX is traded in the
Gandhinagar, Gujarat, India. IIBX is form of Bullion Depository Receipts
regulated by International Financial (BDRs). Demat account is required
Services Centres Authority (IFSCA) to be opened with the IIDI where
(https://www.ifsca.gov.in). BDRs will be credited.

IIBX enables trading in bullion which The global bullion banks, bullion
adhere to OECD Due Diligence refiners and bullion traders through
Guidance for Responsible Supply IIBX, can directly access the bullion
chain of Minerals from Conflict buyers in India via IIBX. GIFT IFSC
Affected and High-Risk Areas for area offers convenience to re-export
establishing supply chain integrity. the Bullion as and when required by
bullion suppliers without payment
For the first time, an Indian resident of customs duty. T+0 contracts are
Jeweller (Qualified Jeweller - QJ) currently available for 995 1kg and

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