Talk to Experts
For centuries, traditions, festivals, and weddings have always driven India's bullion market. Yet, it lacked a formal, transparent, and globally integrated structure for trade.
To bridge this gap, the India International Bullion Exchange (IIBX) was established on July 29, 2022, at GIFT City, Gandhinagar - becoming the first international bullion exchange of India.
IIBX is India's first International Bullion Exchange set up at GIFT City, Gandhinagar, Gujarat. IIBX aims to bring clarity, efficiency, and global competitiveness to the Indian bullion ecosystem, compared to other international exchanges in Hong Kong, Singapore, Dubai, London, and New York.
With IIBX, Indian Bullion Dealers/Jewellers can now directly purchase gold from international suppliers through regulated channels, eliminating mediators and improving price transparency.
Further, the India-UAE CEPA agreement (2022) allows designated TRQ holders to import gold from the UAE at preferential duty rates — making the IIBX platform central to India's modern gold import system.
Qualified Jewellers (QJ) with a minimum net worth of ₹15 crore with either 60% turnover in each of the last three financial years or 90% in the latest financial year from precious metals are eligible to trade on IIBX. Once registered, they can buy gold directly via registered Bullion Trading Members.
TRQ stands for Tariff Rate Quota. The entity must have a TRQ quota allocated by the Directorate General of Foreign Trade (also DGFT) under the India-UAE TRQ (Tariff Rate Quota) CEPA Agreement.
IIBX aims to cater Gold refineries, Institutional Investors, Bullion Dealers, Banks and Exporters
Approval
Obtain approval as a Qualified Jeweller (QJ) or QJ TRQ by IIBX.
Demat Account
Open a Demat Account with India International Depository Limited (IIDIL).
Trading Account
Set up a Trading Account with Anand Rathi International Ventures (IFSC) Pvt. Ltd.
You Asked, We Answered!
India International Bullion Exchange (IIBX) is located primarily in GIFT City, Gandhinagar, Gujarat. It came into existence on July 29, 2022, after the proposal put forth in the 2020 Budget by Finance Minister Nirmala Sitharaman.
Apart from gold, what other commodities are traded on IIBX?
Besides gold, even silver is available for trade on IIBX. It includes metals in both grain and bar formats.
| Exchange | Registration Number |
|---|---|
| IFSCA / SEBI Registration Number |
INZ000292939 |
INDIA INX |
5064 |
NSE IFSC Exchange |
10048 |
IIBX – TSM Membership Number |
2011 |
IIDL – Depository Participant Number |
IFSCA/DP 2022-23 /007 |
Distributor (Capital Market products and Services) |
2023-24/0002 |
Corporate Agent (Composite) License |
IFSCA/IIIO/CA/004/2025-26 |
