India’s first global gold exchange IIBX to allow jewelers import precious metal1 min read 29 Jul 2022, 06:41 AM IST
The spot exchange will be launched on Friday by Prime Minister Narendra Modi, and trade will be in the form of bullion depository receipts.
India’s first global gold exchange -- India International Bullion Exchange (IIBX) -- aims to create a regional bullion hub that will allow more jewelers to import the precious metal, Bloomberg reported on 29 July. The exchange is expected to attract dealers, refineries and foreign banks.
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