India's bullion market is one of the largest in the world, the second largest in terms of consumption and holds an important position globally, but it lacks organization and structure. A bullion spot exchange is expected to address these challenges and eliminate market inefficiencies. As a prominent market, India has always aspired to be a price setter for the bullion.
IIBX is India’s first International Bullion Exchange set up at the GIFT City, Gandhinagar. IIBX offers a diversified portfolio of products and technology services at a cost which is far more competitive than the Indian exchanges as well as other global exchanges in Hong Kong Singapore, Dubai, London and New York.
Jewelers and bullion dealers with a net worth of Rs 25 Crores will be able to choose their own suppliers of gold and buy the precious metal from them through the India International Bullion Exchange (IIBX) in GIFT City.
Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
ARTICLES OF JEWELLERY AND PARTS THEREOF, OF PRECIOUS METAL OR OF METAL CLAD WITH PRECIOUS METAL - Of precious metal whether or not plated or clad with precious metal:
ARTICLES OF GOLDSMITHS OR SILVERSMITHS WARES AND PARTS THEREOF, OF PRECIOUS METAL OR OF METAL CLAD WITH PRECIOUS METAL - Of precious metal, whether or not plated or clad with precious metal
All compliance to be handled by the LPTM
LPTM has to pay charges and open account with Depository and Clearing member
Trading to be done by self and no other client onboarding
Dedicated resource is required
LPTM Membership costs around 4500 USD per year
IIBX aims to cater Gold refineries, Institutional Investors, Bullion Dealers, Banks and Exporters
NRI Entities can Buy and Sell the Gold but Qualified Jewellers can only Buy and Import the gold to domestic area.
Open a trading account with Anand Rathi International Ventures ( IFSC ) Pvt Ltd
Open a Demat account with IIDL ( India International Depository Limited )
Remittance from your bank
Trade on IIBX Platform
Lower transaction cost & Longer trading hours
Digitally- enabled, best in class customer experience.
Quality assurance, Reliability and Operational excellence with International standards.
No tax for 10 years out of any 15 years.