PM launches India’s 1st international bullion bourse

Prime Minister Narendra Modi launched the India International Bullion Exchange (IIBX), India’s first International Bullion Exchange, and NSE IFSC-SGX Connect at Gandhinagar’s GIFT city, an international financial services hub set up by the Gujarat government outside the State capital.

Moreover, setting up of IIBX could lead to standard gold pricing in the country and make it easier for small bullion dealers and jewellers to trade in the precious metal.